Icahn Wavers On Dell Deal

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.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...