Dell privatisation opponents ask the court to revalue stocks

Source: Internet
Author: User
Keywords Privatization Dell
[Guided by] Some of Dell's shareholders are trying to use the court to gain more benefits from the company's privatisation deal. Tencent Science and Technology snow November 29 compiled investors with more than 47.5 million shares of Dell's shares have reserved a right to ask a judge for a higher price than a private offer. This is a recent example of how Dell's shareholders are trying to use the court to gain more benefits from the company's privatisation deal. The investors were mentioned by Dell in a document filed with the Delaware State court this week, who voted against the privatisation of the company with Michael Dell and private equity fund Silver Lake in September and wrote to Dell that it would retain a right. According to the rights that these investors demand, they seek a so-called "valuation" of their holdings of Dell shares. So far, however, most investors have not done so. Investors can change their minds by the end of the year to accept the offer of privatisation by Michael Dell and Silver Lake, and if they do not change their minds, they can submit a request for a valuation to the Tribunal for the next two months. Of these investors, the largest number of companies holding Dell shares is T. Rowe Price. According to court documents, Rowe Price's funds currently hold more than 30 million shares of Dell shares, in addition to representing their clients holding about 1 million shares. Other investors include the New York State Common Retirement Fund (Common retirement Fund), which has a total stock of 4.3 million shares, and a branch and hedge fund Hancock of the company's John ping life Magnetar Capital, which holds about 3.8 million shares respectively. Dell's privatisation offer has been supported by most shareholders and is expected to be completed by the end of the third quarter of fiscal year 2014. Over the past seven months, the fate of the world's third-largest computer maker has been fraught with uncertainties. Carl Icahn, a billionaire activist investor, Icahn the privatisation deal and proposed his own plan, but eventually abandoned that position, removing one of the biggest hurdles to the exchange. Dell reported its second-quarter results in fiscal year 2014 this August. The report shows that in the quarter ended August 2, the company's revenue of 14.514 billion U.S. dollars, compared with the same period last year, the basic level of 14.483 billion dollars, net profit of 204 million U.S. dollars, compared with the same period last year, 732 million U.S. dollar decline 72%.
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