- No mas: Principal bans Spanish language in intercom announcement
- Hacking software could put ‘zombie drone army’ in user’s hands
- Support for stricter gun laws drops: poll
- 10 whales dead, 41 others stranded in Everglades
- John Boehner faces bipartisan pressure to allow gay-rights vote
- Martin Bashir resigns from MSNBC over ‘ill-judged’ comments about Sarah Palin
- Rep. Duncan Hunter: While Obama prays for Iranian change, U.S. should ready its nukes
- Best company ever? Veteran Beer Co. exists to employ vets, provide quality beer
- Iran official: Sanctions ‘utterly failed’ to stop nuclear program
- ‘Black Santa’ display at IU sparks student outrage
Dell’s $24.4B deal opposed by major stockholder
In his letter Hawkins laid out his rationale for valuing the company’s PC business at $2.78 per share and other product lines at a combined $13.36 per share. With those two components, added to the $7.58 per share in acquisitions, Hawkins arrives at his $23.72 per share valuation.
Instead of sticking with the current deal, Dell’s board should consider an alternative that would give existing shareholders a stake in a restructured company that would still be led by Michael Dell, Hawkins wrote.
Messages left with Southeastern for comment weren’t immediately returned.
The 38-year-old firm, which is based in Memphis, Tenn., manages about $33 billion in assets. In a regulatory filing Friday, Southeastern said it had spent about $2.28 billion to accumulate more than 147 million shares of Dell. That means Southeastern would lose about $270 million on its Dell holdings if the company is sold at $13.65 per share.
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Hola: Boehner prepares to push amnesty bill through House
- Kill team: Obama war chiefs widen drone death zones
- Apple wins facial recognition patent for iPhone 6
- MILLER: Obamas EPA closing smelter will not affect ammunition supply
- NYC alarms with notice: Immediately surrender your rifle
- Pentagon may give recruits 'a shot to start over' after shameful social media posts
- Allen West warns Obamas backdoor gun control is moving forward
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Puerto Rico caravan honoring Paul Walker ends in 6 drunken-driving arrests, 72 speeding tickets
Independent voices from the The Washington Times Communities
A stat-head’s outlook, direct from his worn in couch cushion.
Playing Through covers the world of PGA golf, as well as tips your the average golfer to play better.
The only thing broken about our immigration policy has been our collective cowardice as a nation to enforce our current immigration laws
Al Maurer provides a common sense, conservatarian, Constitutional conservative perspective from the battleground state of Colorado