Tuesday, March 20, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Focuses on News Publishers With New Initiative
Lite-On to Unveil New NVRAM Hybrid Solid-State Drive at OCP 2018
Seagate Demonstrates New Helium-based, 14TB Exos X14 Hard Drive at OCP Summit 2018
Samsung's Ruggedized Galaxy Tab Active2 Now Available in the U.S.
Samsung Debuts First 3D Cinema LED Screen Theater in Switzerland
Toshiba Launches KumoScale NVM Express over Fabrics Storage Software for Cloud Infrastructures
HP's Latest Laser Printers Are as Tall as Your Smartphone
IDC Sees a Bright Future for Smartwatches
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Dell Co...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 19, 2013
Dell Committee Rejects Icahn's New Offer

The Special Committee of the Board of Dell rejected a new proposal from key shareholder Carl C. Icahn, saying that it would continue to support the proposal by founder Michael Dell and private-equity firm Silver Lake Partners to take the company private.

Investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell founder Michael Dell's effort to take the struggling computer maker private. Icahn wants the company to buy back up to 1.1 billion Dell shares at $14 apiece to boost shareholders' return on their investment. The price of the buyback would represent about two-thirds of Dell's current market value of about $23.5 billion.

"Mr. Icahn's concept is not, in its present state, a transaction that the Special Committee could endorse and execute ? there is neither financing, nor any commitment from any party to participate, nor any remedy for the company and its shareholders if the transaction is not consummated. In addition, the concept does not adequately address the liquidity issues and other risks the Committee previously highlighted," Dell's Comittee said.

The Committee added that it still expects financial and other information from Mr. Icahn and Southeastern in connection with their previous recapitalization idea.

Michael Dell and Silver Lake Partners made an offer for Dell in February that aims to take the computers and services company private in a US$24.4 billion deal. The proposal offers to pay $13.65 per share in cash.

New iPad Mini Coming This Year, Followed by A Retina Model In 2014        All News        Toshiba Introduces New Canvio Slim II Portable External Hard Drive
Intel Joins Alliance for Wireless Power Board of Directors     General Computing News      Intel Recommends Stockholders Reject TRC Capital's Tender Offer

Get RSS feed Easy Print E-Mail this Message

Related News
HPE and Dell Server Sales Soar in Q4
Dell Evaluating Potential Business Opportunities
CES: Dell Releases New PCs, Dell Mobile Connect Will Sync Messages, With iPhone and Android
Dell Redesigns the XPS 13 Laptop
HPE and Dell Continue to Lead the Storage and Server Markets
Dell's Black Friday and Cyber Monday Deals Are Launching Now
Dell is Doubling Down on the Internet of Things
The New Dell Inspiron 5000 Series Now Available
Dell Sees Solid Growth in Worldwide PC Monitor Market
Dell and Alienware Debut New Gaming Rigs and Monitors
Dell Updates the Precision Workstation Lineup
New Dell Latitude 2-in-1s Arrive With Wireless Charging Features

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .