Tuesday, 29 July 2014
Last updated 34 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…