Hedge Fund News From HedgeCo.Net


Hedge funds pressure Dell offer

Boston – Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private.

Dell is embroiled in a leveraged buyout deal proposed in February at $13.65 a share by its founder and private equity firm Silver Lake Partners. But the price has upset some of the company’s largest shareholders.

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