Dell's No. 2 Shareholder To Fight $24B Buyout

Law360, New York (February 8, 2013, 8:08 PM EST) -- Southeastern Asset Management Inc., Dell Inc.'s second-biggest shareholder, said Friday it will oppose the company's $24.4 billion buyout, gearing up for a fight against founder Michael Dell and private equity firm Silver Lake Partners.

In a letter filed with regulators, Southeastern, which owns 8.5 percent of Dell, including options, said it would oppose the deal — which would be the biggest leveraged buyout in more than six years — because the price is too low.

The investment fund manager argued last year that Dell could be...
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