Accounting & Investing Info for San Antonio A & M
Wed Feb 13 2013
T Rowe Price objects to the sale for $13.65 a share. That makes the number one and three size shareholders opposed. This is shaping up like a real fight. As I said in class, please read these articles as they demonstrate a lot of what we will study in ACCT 3312 on the equity side.
I have always wondered why this stuff is a fight, this quite simply is a case of majority voting shares dictates the situation. The real fight is for the proxy votes and somehow I don’t see the people behind taking dell private waking up one morning and saying “hey lets go private” they know to the final share what they have and that it is enough. Otherwise they would have never even bothered to float the idea.
Simply put you don’t pull the trigger unless you know you are going to hit your target.
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Cary
As you say one would assume Mike Dell counted the shares and who holds them before he floated this idea. But who knows, as Holmes would say, the game is afoot!
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Professor Elam 
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