Business news, analyst views and market commentary by Sarfaraz A. Khan.
Tuesday, June 4, 2013
Earnings Miss, Falling Shipments And LBO: Should You Sell Dell?
From Seeking Alpha
By Sarfaraz A. Khan
Research Assistant: G. Yousuf
The stage is being set for the fight over the control of Dell (NASDAQ:DELL) as the company's special committee has thrown its weight behind Michael Dell and Silver Lake Partner's offer. On the 18th of July, Michael Dell and Carl Ichan will put the case before shareholders for their votes on their respective proposals.
In a letter written to shareholders, the special committee has asked the owners to vote for Michael Dell and Silver Lake Partner's offer of a $13.65 per share leveraged buyout instead of Carl Icahn and Southeastern Asset Management's proposal of a $12 per share special dividend ... Read More