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Wallace Weitz Comments on DELL

April 11, 2013 | About:
Holly LaFon

Holly LaFon

261 followers
Michael Dell’s bid to take Dell (DELL) private sparked a sharp rise in Dell shares. The stock, which had languished in the $8-10 range last fall, rose above the $13.65 takeover bid price. The proposal met with a firestorm of resistance from some long-time holders, but as the required analysis shifted from long-term business fundamentals to merger arbitrage, we were content to sell at a slight premium to the initial bid.

From Wallace Weitz's first quarter letter to shareholders.


Rating: 1.0/5 (1 vote)

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