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Tuesday, March 5, 2013

Top outside shareholder demands Dell open its books, (NASDAQ: DELL)

Dell Inc's largest outside shareholder is demanding the PC maker open its books, signaling that it could become more active in opposing founder Michael Dell's proposal to take the company private.Southeastern Asset Management, which holds more than 8 percent of Dell shares including options, asked for the records in a regulatory filing Tuesday on behalf of its largest client, Longleaf Partners Fund.Citing Dell's silence on the deal during a recent earnings call, Southeastern wrote in a letter to Dell included in the filing that "shareholders should be provided with meaningful, straightforward information."It said that to justify an inadequate takeover price, Dell had intentionally emphasized the decline in global PC sales while ignoring growth in its IT services segment.

Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL traded higher by 0.36% or $0.0501/share to $14.05. In the past year, the shares have traded as low as $8.69 and as high as $17.46. On average, 36612300 shares of DELL exchange hands on a given day and today's volume is recorded at 737065.



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