Southeastern Asset Management [profile] doesn't tend to be in the news, but they got some ink from the Wall Street Journal today for a proposed alternative to the Dell Inc. buyout.

The mutual fund shop, along with famous activist investor and fellow Dell shareholder Carl Icahn, sent a letter to Dell's board proposing a plan which would allow shareholders to maintain an interest in the computer-making giant and get $12 more per share in either stock or cash, according to reporter Shira Ovide.

The buyout plan Southeastern's fighting was originally proposed in February. Southeastern and Icahn both think it is too cheap, according to the report.

For more details, check out the original story here. 

Edited by: Ben Geier


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