Southeastern urges Dell holders to take no action on proxy

theflyonthewall.com

Southeastern Asset Management, the largest independent stockholder of Dell (DELL), released an open letter to stockholders of Dell urging them not to take any action in response to Dell's proxy materials related to the management-led buyout proposal, and to refrain from signing or returning any proxy card that they may receive from Dell. Southeastern will mail its letter directly to Dell stockholders. Southeastern, along with Icahn Enterprises (IEP), believes that "substantially greater value can be realized for Dell stockholders than what is reflected in the Dell management-led buyout proposal and will be making a proxy statement available in the near future."

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