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FEB 21, 2013 - Yahoo! News

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Hedge fund manager Einhorn blasts Dell's buyout plan

SAN FRANCISCO (Reuters) - Hedge fund manager David Einhorn had some sharp words on Thursday for both Dell Inc and founder Michael Dell on his plan to take the company private. Einhorn, who has mounted a campaign to get Apple Inc to share more of its $137 billion cash pile, used the leveraged buyout of Dell as an example of a cash policy that is shareholder unfriendly. Michael Dell has struck a deal to take private the No. 3 personal computer maker he created in a college dorm room in 1984. The founder is partnering with private equity house Silver Lake and Microsoft Corp but the $24. ...

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