iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

Delaware Court Rules DELL Buyout Price Inadequate, Orders Holdout Stockholders Entitled to MOAR

I don’t believe I’ve ever seen this before. I also doubt it will be upheld or honored. A Delaware judge ruled in favor of investors holding more than 30 million shares of DELL, who opposed the deal because it was too low.

Well, good news has befallen these craven lunatics this morning, as a Delaware judge has set the price $3.87 higher for the true value of DELL, paving the way for more legal action to order DELL to pay them MOAR.

Bleak house.

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