Dell Inc. (NASDAQ: DELL) Investor Files Lawsuit Against Potential Takeover

If you currently hold a significant amount shares of the Dell Inc. (NASDAQ: DELL), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Dell
Case Name: 
Dell Deal Case 01/25/2013
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: DELL
Lawsuit Overview
Type of Lawsuit: 
Mergers and Acquisition
Date Filed: 
01/25/2013
Summary: 

January 25, 2013 (Shareholders Foundation) -- An investor in shares of Dell Inc. (NASDAQ: DELL) filed a lawsuit in effort to stop a potential takeover of Dell Inc.

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. Dell Inc. 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 Dell Inc. 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.