Friday, 22 May 2015
Last updated 4 hours ago
Jun 18 2013 | 10:58am ET
Carl Icahn appears likely to abandon his bid to take control of computer-maker Dell Inc. as the company's results continue to deteriorate.
Icahn and Southeastern Asset Management have proposed a leveraged recapitalization of the company, in opposition to a proposed $24.4 billion buyout of Dell led by company founder Michael Dell and private-equity firm Silver Lake Partners.
Icahn and Southeastern have blasted that buyout—which goes to a shareholder vote next month—as "the great giveaway." But the two, which have already lined up $5.2 billion in financing, are worried about having to find another $2 billion to buy a company with such bad numbers, CNBC reports.
Dell said earlier this month that there was a $3.9 billion funding shortfall in Icahn's plans.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…