And Dell's largest independent shareholder, Southeastern Asset Management, says Mr Dell's offer "grossly undervalues the company".
Clorox rejected the proposal on the basis that it is highly conditional, undervalues the company, and is not credible.
The Cadbury board, lead by chairman Roger Carr, has called the offer "derisory", saying that it "substantially undervalues Cadbury".
This can happen, for example, if the debtor aggressively undervalues property for the purpose of fitting it under available exemptions.
We are writing to express our extreme disappointment regarding the proposed go-private transaction, which we believe grossly undervalues the Company.
FORBES: Is Michael Dell Really Trying To Pull A Fast One On Investors?
Dell's largest independent shareholder, Southeastern Asset Management, says the offer from Mr Dell, who owns 16% of the company, "grossly undervalues" it.
Large shareholders have resisted the price which they believe undervalues the company.
FORBES: Why Keep Dell As CEO? He Has Nothing To Show For His Last Six Years
The Board of London Stock Exchange rejects outright this derisory proposal which fundamentally undervalues the Company and lacks any strategic or commercial credibility.
Having reviewed the Going Private Transaction, we believe that it is not in the best interests of Dell shareholders and substantially undervalues the company.
FORBES: Dell Investor Revolt With Icahn May Push Buyout Price Higher, Other Bidders Scarce
Dell's largest independent shareholder, Southeastern Asset Management, said the offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal.
He says the American Realty offer undervalues what Cole Credit expects to raise with a public offering and that the rival's proposal relied too heavily on debt.
Dell's largest independent shareholder, Southeastern Asset Management, has said that Mr Dell's offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal.
"The board strongly believes UTC's proposal significantly undervalues the company and fails to reflect Diebold's strengths and significant upside potential, " said Diebold Chairman John Lauer .
The deal still needs shareholder approval and Southeastern, which has an 8.5 percent stake, last week urged shareholders to reject the current deal terms, saying it undervalues Dell.
FORBES: Dell's "Discouraging' Buyout Plan Still May Need To Top $13.65 To Win Over Shareholders
Avon shares fell 49 cents, or 2.1%, to 23.03 after the company reiterated its opposition to fragrance company Coty's buyout bid, saying the offer undervalues the door-to-door beauty company.
They want to get a proper valuation for their shares, and not one obtained by selling out, since they think that Hollinger International's share price severely undervalues its assets.
From the beginning of this process, our independent board and leadership team have maintained that Microsoft's offer undervalues the company, and we're pleased that many of our shareholders agreed with us.
In a letter to the special committee released by Dell, Icahn said he has built a significant stake in the PC-maker, and that the buyout by Dell and Silver Lake Partners undervalues the business.
FORBES: With Deal In Jeopardy, Dell To Give Icahn A Look At Its Books
He undervalues both free speech and rational argument.
FORBES: Obama's U.N. Talk Bolsters The U.N.'s Assault On Free Speech
We believe Microsoft's proposal substantially undervalues Yahoo!
In a statement Sunday, Take-Two said EA's bid undervalues the company and described the offer as "highly opportunistic and is attempting to take advantage of our upcoming release of 'Grand Theft Auto IV'" which hits stores April 29.
If you thought the Board of the London Stock Exchange was a little scornful when it jilted Macquarie Bank for the first time back in December--" a derisory proposal which fundamentally undervalues the company and lacks any strategic or commercial credibility"--its latest blackball is downright disdainful.
Leap CEO Doug Hutcheson officially responded to the offer today, bluntly stating that it "dramatically undervalues" his company while citing Leap's strong growth, its prospects for future buildouts, and MetroPCS' infrastructure troubles in New York and Los Angeles as reasons why his shareholders deserve more bang for their buck.
ENGADGET: Leap says "no thanks" to MetroPCS buyout offer Mobile
应用推荐