Billionaire Michael Dell is facing a shareholder mutiny over
his $24.4 billion offer to take his eponymous company private.
Southeastern Asset Management, Dell Inc.’s biggest outside
shareholder, fired off a letter to the board yesterday, accusing the founder
and a group of investors of trying to buy the struggling PC giant on the cheap. Southeastern, which owns about 8.5 percent of
Dell’s shares, said it would vote against the deal and pursue a number of
options to block it, including launching a proxy fight and bringing a lawsuit…
Another large Dell shareholder told The NY Post he also
intended to vote against the deal and preferred a leveraged recapitalization….
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