Wall Street Beat: Shareholder pushback puts Dell on defensive for privatization deal

Trading pushes shares higher than the offer price, raising pressure to alter terms of the deal

By , IDG News Service |  Hardware

In a research note, Raymond James analyst Brian Alexander said that he does not expect the current buyout price of $13.65 to increase significantly. He stated that he believed the offer "will be sweetened, through a combination of higher offer price and/or special dividend, we highly doubt the ultimate price exceeds $15."

That may not appease some shareholders, considering Southeastern's valuation. Michael Dell may have to take to the road over the next few weeks to lay out even more details about how the buyout team valued the company. Meanwhile, the Dell earnings statement and conference call next Tuesday will be widely scrutinized.

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