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Major Dell shareholder favors recent buyout offers

Southeastern Asset Management, a major Dell shareholder, is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.
Modified: April 9, 2013 at 7:24 pm •  Published: April 10, 2013
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A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead. Southeastern Asset Management stated its opposition two months ago. Blackstone Group and billionaire investor Carl Icahn submitted alternative proposals in late March. Southeastern said those bids are better than the current proposal.