Investors Say Dell Worth Twice $25B Buyout In Appraisal Row
Law360, Wilmington (October 5, 2015, 7:46 PM EDT) -- Dell investors seeking appraisal of their shares from the computer giant's $25 billion go-private deal told a Delaware Chancery judge Monday that the share price should have been worth roughly twice the transaction price, arguing that the company essentially left $26 billion in value on the table.
As the appraisal trial for Dell Inc. kicked off in Wilmington, petitioning shareholders argued that the fair value of the computer giant should be significantly higher than the $24.9 billion buyout by founder Michael Dell and private equity firm Silver Lake Partners in 2013, which offered investors $13.75 per share with a dividend worth...
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