Dell's largest outside shareholder opposes the computer maker's plan to go private, saying that the deal "grossly undervalues the company," according to a letter sent to the Dell board.
The shareholder, Southeastern Asset Management, submitted the letter as part of Securities and Exchange Commission documents filed today. The group owns 8.5 percent of Dell's shares, making it the largest outside shareholder.
Dell announced the $24.4 billion deal, which needs regulatory and shareholder approval, this week. CEO Michael Dell and investment firm Silver Lake are paying $13.65 per share, while Microsoft is contributing … Read more