Top shareholder demands Dell open books

Dell’s largest external shareholder is demanding that the PC maker open its books, signaling it could become more active in opposing founder Michael Dell’s proposal to take the company private for more than US$24 billion (HK$186.1 billion).

Southeastern Asset Management, the largest of a clutch of investors who say the buyout proposed by Dell and private-equity house Silver Lake sharply undervalues the world’s No. 3 PC maker, called for “straightforward information” on behalf of its top client, Longleaf Partners Fund.

via Business feed http://www.scmp.com/business/companies/article/1182215/top-shareholder-demands-dell-open-books