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Tags: Dell | Carl Icahn | Shareholder | Computer Maker

Icahn Raises Dell Stake to Nearly 9 Percent as Shareholder Vote Looms

Tuesday, 06 August 2013 07:16 AM

Carl Icahn's stake in Dell now stands at close to 9 percent, buttressing his claims that the fight for the embattled computer maker is not over.

Icahn disclosed in a regulatory filing late Monday that he's purchased an additional 4 million shares in Dell Inc. Icahn actually bought the shares Thursday, the same day he filed suit to block any delay in a shareholder vote over company control a day before founder CEO Michael Dell boosted his bid.

Dell and investment firm Silver Lake Partners' latest buyout bid is $13.75 per share, with stockholders also receiving a special dividend of 13 cents per share. A shareholder vote on the offer is scheduled for Sept. 12.

Icahn has proposed a deal that he says is worth $15.50 per share.

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Carl Icahn's stake in Dell now stands at close to 9 percent, buttressing his claims that the fight for the embattled computer maker is not over.
Dell,Carl Icahn,Shareholder,Computer Maker
128
2013-16-06
Tuesday, 06 August 2013 07:16 AM
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