A lawsuit was filed for current investors of Dell Inc. (NASDAQ:DELL) in effort to block a potential takeover and NASDAQ:DELL stockholders with a substantial investment in Dell should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/28/2013 -- An investor in shares of Dell Inc. (NASDAQ:DELL) filed a lawsuit in effort to stop a potential takeover of Dell Inc.
Investors who currently hold a significant amount shares of the Dell Inc. (NASDAQ:DELL) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that Michael Dell and others are trying to take Dell Inc private via a cheap and unfair process.
On Monday, January 14, 2013, rumors surfaced that Dell Inc is said to be in buyout discussions with private equity firms.
Shares of Dell Inc. (NASDAQ:DELL) jumped from 10.92 to $12.74 per share on Monday and closed at $12.28 per share. NASDAQ:DELL shares continued to increase on Tuesday to as high as $13.22 per share.
However, the plaintiff says the takeover is unfair to NASDAQ:DELL stockholders. Indeed, given a potential takeover price of $13 to $14 is not in line with an analyst estimate and also is lower than recent trading prices. In fact, at least one analyst has set the high target price for NASDAQ:DELL shares at $16.00 per share and NASDAQ:DELL shares traded in 2012 as high as $18.16 per share.
Furthermore, Dell’s financial performance improved over the past recent years. In fact, Dell Inc. reported that its Total Revenue rose from over $52.9 billion for the 52 weeks period that ended on Jan. 29, 2010 to over $62.07 billion for the 52 weeks period that ended on Feb. 03, 2012 and that its Net Income over the respective time periods increased from over $2.63 billion to over $3.49 billion. Additionally, shares of Dell Inc. (NASDAQ:DELL) Grew from as low as $8.41 per share in February 2009 to as high as $18.16 per share in February 2012.
Those who currently hold a significant amount shares of the Dell Inc. (NASDAQ:DELL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego