Southeastern Asset Management, which owns 8.5% of Dell’s shares outstanding, has filed documents and a letter to Dell Inc.’s (NASDAQ: DELL) board that objects to the planned LBO. The letter makes it clear, Michael Dell and his friends will face a proxy war. Now, if Southeastern Asset Management can line up a few big institutions that also own shares, it will be a real party.
Largest Shareholder Objects to LBO — the Letter
By Douglas A. McIntyre