Dell

On February 5, 2013, Dell announced that Michael Dell and Silverlake Partners were planning to take the company private at $13.65 a share. Their proposed price could undervalue the company and possibly diminish the interest of current Dell shareholders. Dell’s second largest investor, Southeastern Asset Management (Southeastern), publicly opposes the transaction. It released a sum-of-the-parts analysis of Dell’s share price. Southeastern came to the conclusion that a more appropriate share price would be 75% larger than Michael Dell estimated.