Tuesday, 30 September 2014
Last updated 4 hours ago
May 8 2013 | 8:50am ET
Carl Icahn has given up on his own bid for Dell Inc., but he hasn't given up his effort to thwart the company's only remaining offer.
Icahn and Southeastern Asset Management, one of Dell's largest shareholders, may jointly nominate a slate of candidates for the company's board in an effort to sink the $24.4 billion buyout of Dell by founder Michael Dell and private equity firm Silver Lake Partners. The two investors believe that the deal undervalues the company.
Icahn had made a preliminary offer for Dell that he said was richer and would allow part of the company to remain public. But he has given up on taking control of Dell by buying a majority stake, The Wall Street Journal reports, favoring a takeover through the boardroom.
That move leaves Dell with only the Silver Lake offer; the Blackstone Group, which had made a preliminary bid itself, dropped out of the running last month.
Icahn and Southeastern have until next week to nominate candidates. But their effort could be for naught: According to the Journal, a shareholder vote on the buyout is likely to precede a vote on the board.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...