Icahn Pushes 'No' Vote On Dell Deal

Jun 7 2013 | 1:31pm ET

Carl Icahn has urged Dell Inc. shareholders to reject the $24.4 billion buyout offer from company founder Michael Dell and private-equity firm Silver Lake Partners.

Icahn and Southeastern Asset Management didn't provide any new details about their own leveraged recapitalization plan, which Dell this week rejected as "unrealistic" and suffering from a $3.9 billion funding shortfall, in the regulatory filing yesterday. But they did disclose that, during talks between Southeastern and Michael Dell last June, Southeastern sketched out a buyout at $17 per share.

Michael Dell and Silver Lake are offering $13.65 per share.

Icahn and Southeastern have been fighting the buyout deal, calling it the "great giveaway"  and threatening litigation and a proxy battle. Presumably, a proxy battle would ensue if the Dell-Silver Lake deal is rejected. Shareholders are set to vote on it on July 18.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...