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Dell's $24.4 Bill Deal Opposed by Major Stockholder

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    NEWSLETTERS

    NBCDFW.com

    Dell's largest stockholder, aside from the struggling personal computer maker's CEO and founder, is trying to thwart the company's plans to sell itself for $24.4 billion.

    The opposition mounted Friday by Southeastern Asset Management Inc. could complicate Dell Inc.'s efforts to end its 25-year history as a public company. Southeastern Asset owns an 8.5 percent stake in Dell.

    Under a plan announced earlier this week, Dell will pay existing stockholders $13.65 per share. The deal would leave the Round Rock, Texas, company under the control of founder and CEO Michael Dell and investment firm Silver Lake.

    In a letter to Dell's board, Southeastern CEO O. Mason Hawkins dismissed Dell's proposed sale price as "woefully inadequate," contending that the company is worth at least $24 per share.

    Dell declined to comment.