MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 16, 2013 Asset Managers Ready To Go Toe to Toe on Dell Deal BlackRock [profile] may be joining the ranks of disaffected shareholders opposing the current state of the $24.4 billion Dell sale to founder Michael Dell and Silver Lake Partners, that is taking place Thursday, Arik Hesseldahl of AllThingsD writes. If BlackRock is indeed voting against the deal that would bring the percentage of shareholders to 21 percent. The vote requires 43 percent of shareholders. T. Rowe Price [profile] has vocalized its opposition to the current sale terms, WSJ reporter Shira Ovide wrote. Southeastern Asset Management [profile] and activist investor Carl Icahn, T. Rowe, Pzena investment Management and Yacktman Asset Management [profile] have opposed the deal. Southeastern Management has been campaigning against the deal with Icahn for some time. Although T. Rowe Price's chief executive stated that the proposed buyout doesn't reflect the value of Dell, as recently as this past Monday, their vote is considered "up for grabs" Ovide writes. Ovide's sources who have knowledge of the board strategy suspect the board will adjourn if it is clear that the deal will be voted down. To read more, click here. Printed from: MFWire.com/story.asp?s=44941 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |