While I believe MDell will have to up his offer to $15 to get enough votes to approve the buyout, a third party must make an offer if we, as shareholders, get true value for our shares, i.e. about $18.50 per share. I still believe that Ellison is the man who can maximize Dell's value.
Dell is offering $13.65 a share for a company thats grossing 54 billion dollars plus it has $9.00 in cash that they will get. Someone needs to get the value for the owners , which is the shareholders. Southeastern was the one to come forward against this deal and at some point they will ask shareholders to support their opinion.
I agree that $15 is not enough. But the only way we are going to get a fair value is for a third party to come in and make a reasonable offer. I think there will be enough yes votes at $15 to get this done.