Sentences with phrase «substantially undervalues the company»
«This delay reflects the unhappiness of Dell stockholders with the Michael Dell - Silver Lake offer, which we believe substantially undervalues the company,» he said in a statement issued with Southeastern.
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Icahn expressed his distaste for Dell's initial go - private offering of $ 24.4 billion in a letter to the Dell Board in March, saying that the proposed deal is «not in the best interests of Dell shareholders and substantially undervalues the company.»
The billionaire investor has said Michael Dell's offer substantially undervalues the company.
Not exact matches
By the end of the day, Perrigo had basically reached the same conclusion: Just after U.S. markets closed at 4 p.m. on Tuesday, Perrigo announced that its board of directors unanimously rejected Mylan's bid, saying it «substantially undervalues» the company and is not in its shareholders» best interests.
Divesting the chain of 641 college bookstores would unlock more value for Barnes & Noble, which is «substantially undervalued,» New York - based G Asset Management said in a letter addressed to the company's board.
William Hill chairman Gareth Davis said the offer «substantially undervalues» the company and «does not reflect the inherent value of the business».