Southeastern To Dell: Consider Going Partly Private Instead

Law360, New York (February 11, 2013, 9:56 PM EST) -- A major investor that says Dell Inc.'s $24.4 billion buyout robs shareholders of the company's upside is pushing Dell to consider dusting off a “semiprivate” structure that hasn't been used in a large public takeover in more than five years.

Southeastern Asset Management LP, which owns 8.5 percent of the technology giant, said the $13.65-per-share offer from founder Michael Dell and Silver Lake Partners “appears to be an effort to acquire Dell at a substantial discount to intrinsic value at the expense of public shareholders.”...
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