Monday, 20 October 2014
Last updated 1 hour ago
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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...