News Summary: Major Dell investor pans $24.4B deal

News Summary: Dell shareholder urges board to pursue alternatives to current deal with CEO

Associated Press

DISSING THE DEAL: A major Dell shareholder remains dissatisfied with the personal computer maker's proposed $24.4 billion sale to CEO Michael Dell and Silver Lake Partners. Southeastern Asset Management, which owns 8.4 percent of the company, likes competing offers from buyout specialist Blackstone Group and billionaire investor Carl Icahn.

DOING THE MATH: Southeastern said it couldn't understand why Dell's board agreed to sell for $13.65 per share after paying an average of $15.25 per share to buy back company stock during the past two years.

PATIENCE PLEASE: Dell's board issued a statement pledging to pursue "the best possible outcome."

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