Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Updated BBM Offers More Privacy, Control and More
Panasonic Raises Profit Outlook
Toshiba Offers New 4TB and 5TB Desktop HDDs
Samsung Introduces New Ultra Slim Galaxy A5 and Galaxy A3 Smartphones For The Chinese Market
Sharp 2Q Profit Slides
PlayStation 4 Sales Sustain Sony's Quarterly Loss
MSI Debuts The GT80 Titan Gaming Notebook With Mechanical Keyboard
Sharp To Produce New Backlight-free LCD Panel For Wearables
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 Home > News > General Computing > Icahn G...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, September 09, 2013
Icahn Gives Up Acquisiton Plan For Dell


Investor Carl Icahn will no longer attempt to defeat a $24.9 billion deal to take Dell private, though he maintains that Michael Dell and private equity firm Star Lake are fooling shareholders.

"We have therefore come to the conclusion that we will not pursue additional efforts to defeat the Michael Dell/Silver Lake proposal, although we still oppose it and will move to seek appraisal rights," Carl Icahn wrote in an letter to Dell's shareholders.

Icahn and Southeastern Asset Management have argued that the $25 billion takeover offer by Michael Dell and Silver Lake undervalues the company.

The activist investor said that according to Michael Dell's plan to take the company private, "Dell is paying a price approximately 70% below its ten-year high of $42.38" and that "the bid freezes stockholders out of any possibility of realizing Dell's great potential."

Icahn cited a change in the record date for stockholders allowed to vote on the proposed takeover by Dell and private equity firm Silver Lake, as well as a ruling that the gap period between the September 12 meeting and the annual meeting was legal.

If the board had allowed the annual meeting to proceed at the same time as the rescheduled special meeting, Icahn argued Michael Dell and Silver Lake would have been under more pressure to increase their bid.

Icahn said he still opposed it and would move to seek appraisal rights, according to the letter that he filed with regulators.


Previous
Next
Opera Releases 'Coast' Browser For The iPad        All News        Facebook Offer New Tools For Showing User Data to Online And TV News
Opera Releases 'Coast' Browser For The iPad     General Computing News      Facebook Offer New Tools For Showing User Data to Online And TV News

Get RSS feed Easy Print E-Mail this Message

Related News
Alienware To Release New New Area 51 Gaming Desktop, Graphics Amp
Dell Creates Virtual Smartphone
IFA: Dell Updates Its PC Portfolio
Computex: Dell Announces New Inspiron 2-in-1,Venue Tablets and All-in-One PCs
Dell to Use Recycled Plastics in PCs
Dell Unveils New Desktop Virtualization Solutions
New Dell Inspiron 5000 Series Laptops and All-in-One Desktops Coming This Week
Dell Introduces Latitude Rugged Extreme Lineup
Dell Offers Per-App VPN Access Controls For BYOD Mobile Workers
Microsoft and Dell Sign Patent Licensing Deal
Dell Acquires StatSoft to ADvance Its Big Data Solution
Dell Announces Precision M2800 Mobile Workstation PC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .