Monday, February 11, 2013
Is Dell Computer worth $24 per share?
Is billionaire computer geek, Michael Dell, acting like a greedy techie billionaire to impress his friends (or for other reasons)?
That's the way it is starting to look with the Dell board approved $13.65 per share buyout with major shareholders calling it greedy and way too little, among other polite words.
Here's a sample:
"This deal is so compellingly unfair to shareholder that I don't know where to begin" - Richard Pzena, CIO, Pzena Investment Management
"This is a hard deal to get done at this price. There will be resistance." - Don Yacktman, Yacktman Funds