Dell Inc. Investor Alert: Lawsuit over potential Takeover filed
A lawsuit was filed for current investors of Dell Inc. in effort to block a potential takeover and NASDAQ-DELL stockholders should contact the Shareholders Foundation.
Investors who currently hold a significant amount shares of the Dell Inc. have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that Michael Dell and others are trying to take Dell Inc private via a cheap and unfair process.
On Monday, January 14, 2013, rumors surfaced that Dell Inc is said to be in buyout discussions with private equity firms.
Shares of Dell Inc. jumped from 10.92 to $12.74 per share on Monday and closed at $12.28 per share. NASDAQ-DELL shares continued to increase on Tuesday to as high as $13.22 per share.
However, the plaintiff says the takeover is unfair to NASDAQ-DELL stockholders. Indeed, given a potential takeover price of $13 to $14 is not in line with an analyst estimate and also is lower than recent trading prices. In fact, at least one analyst has set the high target price for NASDAQ-DELL shares at $16.00 per share and NASDAQ-DELL shares traded in 2012 as high as $18.16 per share.
Furthermore, Dell’s financial performance improved over the past recent years. In fact, Dell Inc. reported that its Total Revenue rose from over $52.9 billion for the 52 weeks period that ended on Jan. 29, 2010 to over $62.07 billion for the 52 weeks period that ended on Feb. 03, 2012 and that its Net Income over the respective time periods increased from over $2.63 billion to over $3.49 billion. Additionally, shares of Dell Inc. Grew from as low as $8.41 per share in February 2009 to as high as $18.16 per share in February 2012.
Those who currently hold a significant amount shares of the Dell Inc. have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.