Business

Southeastern joined by other Dell investors

February 10, 2013

A Dell deal should be in the RM62 per share range or the company should explore other options. – Reuters picA Dell deal should be in the RM62 per share range or the company should explore other options. – Reuters picNEW YORK, Feb 10 – At least three of Dell Inc’s top 20 shareholders support Southeastern Asset Management’s decision to vote against the US$24.4 billion (RM76 billion) buyout of the No 3 PC maker led by CEO Michael Dell, a person close to the matter said.

Among the holders who support Southeastern are Harris Associates LP, Yacktman Asset Management LP and Pzena Investment Management LLC, which between them hold roughly 3.3 per cent in Dell, the person said.

Harris and Yacktman were not immediately available for comment. Pzena’s chairman, Richard Pzena, said a Dell deal should be in the US$20 per share range or the company should explore other options. – Reuters

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