By Steve Forbes, Forbes Staff Don Yacktman is President and Co-Chief Investment Officer of Yacktman Asset Management, a firm he founded in 1992. I recently sat down with Don to talk about his longer-term investing successes and why he likes Microsoft but is skeptical about Apple. Video and a transcript of our conversation follows.
Tag Archives: Yacktman Asset Management
Battle for Dell risks customer confidence, analysts say
With Michael Dell still battling to get his US$24.4 billion buyout deal approved by shareholders, his company needs to avoid a long, drawn-out battle that could erode customer confidence, analysts say.
Dell recently released details about counteroffers to the proposed purchase by Michael Dell and equity investor Silver Lake, who have offered $13.65 per share to take the company private. The deal was announced February 5, and several counteroffers are pending.
Some signs suggest the proposed deal could fall apart, with some big Dell shareholders, including Yacktman Asset Management and Southeastern Asset Management, opposing the buyout on the grounds that it undervalues Dell.
Counteroffers include a proposal by equity firm Blackstone Group, which approached Southeastern Asset Management and TPG about possible alternative bids. The current offer by Silver Lake and Michael Dell included a $2 billion loan from Microsoft, and debt financing commitments from Bank of America, Merrill Lynch, Barclays, Credit Suisse, and RBC Capital Markets.
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Source: FULL ARTICLE at PCWorld
Donald Yacktman Buys Dell Inc, Stryker, Coca-Cola, IBM, Sells Research in Motion, H&R Block
By GuruFocus, Contributor This is the portfolio update of Yacktman Asset Management. We also track Yacktman Fund and Yacktman Focused Fund, which are reported separately. Over the fourth quarter Donald Yacktman initiated two new positions in the technology field. One is Dell, and the other is IBM. IBM is still a tiny position. We expect to see Yacktman to add much more over the next quarter. He also added to Stryker Corporation, Coca-Cola Co, PepsiCo Inc, Avon Products Inc, Wells Fargo & Co, sells Research in Motion Ltd, H&R Block during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Yacktman Asset Management Co. As of 12/31/2012, Yacktman Asset Management Co. owns 63 stocks with a total value of $16.7 billion. These are the details of the buys and sells.
Source: FULL ARTICLE at Forbes Latest