Tags: Dell | Icahn | shareholder | value

Dell Shareholder Yacktman Plans to Back Icahn

Tuesday, 09 Jul 2013 08:11 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Dell Inc. shareholder Yacktman Asset Management said it plans to support Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker.

Yacktman, which holds 14.8 million shares of Dell, said it believes founder and Chief Executive Officer Michael Dell's $24.4 billion buyout offer is depressing the stock.

"As a holder and longtime follower of Dell's stock, we believe that Dell has historically made numerous poor capital allocation decisions," Yacktman said in a statement on Tuesday.

"We are fearful that current management could continue this course. A change in the board of directors could significantly improve this and other issues and lead to enhanced shareholder value."

 

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved