Bill Nygren was in the news twice this week for two investing decisions involving two different tech companies.

First, the PM from Oakmark Funds [profile] was mentioned in Barron's after appearing on CNBC to discuss his stake in Apple. The report mentioned that last quarter Nygren increased his position in the firm, but said he hasn't said what he's done this quarter.

Additionally, Nygren announced that he had sold his 1.6 percent of Dell, Inc. after Blackstone Group LP decided not to try to buy the PC manufacturer, according to Bloomberg.

Nygren e-mailed a letter explaining his decisoin, according to reporter Charles Stein:

Our numbers suggested Dell should be worth a premium to the $13.65 offer from management, but then a potential acquirer with access to non-public information decided to end its quest to acquire Dell at a higher price. Since they had information we didn’t, we believed it was prudent to assume they might be right.

For more details, check out the Barron's article here and the Bloomberg article here.  

Edited by: Ben Geier


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