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This is routine in buy-outs and take-overs these days. A few shareholders demand unrealistic sums for their shares, in this case $20 instead of $13.65. That $13.65 is already a big premium over what they would have got had they simply sold the shares on the stock market. If they don't get their $20 (which Dell and friends would be mad to pay), then expect to see a lawsuit accusing Dell of "fraud".

There are companies which specialize in buying up shares when they hear rumours of a take over or buy out, and then file lawsuits regardless of the outcome. They expect to get paid off to make them go away. Just consider them to be the financial world's equivalents of patent trolls. This sort of thing by the way is routine in the USA, but I've never heard of it anywhere else.

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