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"We believe that it would be a sad outcome for stockholders and would, to say the least, reflect terribly on all who are involved in this process if, after purchasing shares at what we perceive to be a substantially undervalued price of $13.65 a share, Michael Dell and Silver Lake earned substantial returns on their investment while other stockholders are forced to sell," he wrote.
"We think we are substantially undervalued right now".
For its part Mouchel said the approaches substantially undervalued the company and had been rejected.
China says that its currency is not substantially undervalued and that it is moving ahead with currency reform.
Hours later, Capital Shopping's directors unanimously rejected the plan, saying it "very substantially" undervalued the company and its prospects.
He was worth, easily, more than any player; his services were more substantially undervalued than those of any player he'd ever acquired.
Similar(32)
But Venture believes Centrica's offer substantially undervalues the company.
Yahoo has rejected Microsoft's original offer, saying it "substantially undervalues" the company.
The LSE had rejected the Nasdaq offer saying that it "substantially undervalues the company".
The company has rejected the approach from AB InBev, saying it substantially undervalues the business.
In a statement it said: "The board believes that the KNOC offer substantially undervalues Dana.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com