Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Judge says some top Dell shareholders are plum out of luck in share buyout beef

Rules they didn’t actually own their shares after all

Michael Dell / Getty

 

Dell has successfully whittled away at a lawsuit brought against it by major shareholders who think Michael Dell‘s 2013 buyout of the firm came with too small a price tag.

In a Monday ruling, the Delaware Chancery Court found that five large institutional investors were ineligible to participate in the suit because the way in which they held their Dell shares didn’t meet the legal requirements.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The investors that were knocked off the suit include affiliates of Curtiss-Wright Corp Retirement Plan, Manulife Financial, Milliken Retirement Plan, Northwestern Mutual Life Insurance Co, and T. Rowe Price, which together claimed rights over 922, 975 Dell shares… READ MORE

The Register by Neil McAllister

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News