Saturday, April 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP Releases New Chromebook for Home and Office
AMD and Nantong Fujitsu Microelectronics Close on Semiconductor Assembly and Test Joint Venture
Google's Pichai Sees the End of Computers
Amazon Reports Strong Quarter
Sony Reports Loss But PlayStation Keeps Performing Well
Japan Display Showcase The Latest In Display Technologies In SID DISPLAY WEEK 2016
Strong Galaxy S7 Sales Keep Samsung's Profit High
LG Posts record Q1 Profit
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 Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, May 13, 2013
Dell Requests Additional Information on Icahn's New Proposal


The special committee of Dell's board on Monday asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company.

In a letter sent to Carl Icahn and Southeastern Asset Management, the special committee is requesting additional information related to the proposed leveraged recapitalization transaction submitted to the committee on May 9, 2013, as part of committee's review of the proposed transaction. Last week Icahn and Southeastern Asset Management Inc offered $21 billion in cash for Dell, challenging founder Michael Dell's $24.4 billion bid to take the company private.

Dell's special committee says it is not clear whether Icahn intends to formulate his transaction as "an actual acquisition proposal that the Board could evaluate" or if he intended his offer as an alternative in the event the pending sale to Silver Lake and Michael Dell is not approved.

The committee also asks for a draft of the definitive agreement pursuant to which the transaction would be effected; comprehensive information regarding the proposed financing for the transaction; information on the terms of the debt financing required for Icahn's proposal and "contingencies available if cash on hand or stockholder rollovers are less than anticipated," as well as financing commitment letters.

The committee also said the proposal did not appear to take into account additional borrowing that would be required if Icahn uses the company's cash in the transaction and reduces future cash flow by selling accounts receivable.

In addition, it asked for an analysis of whether the receipt of additional shares would be taxable.

The committee also wanted to know his "strategy and operating plan" as well as more information about the relationship between Icahn and Southeastern.


Previous
Next
Google Drive Now Gets 15 GB Of Storage        All News        ARCHOS Unveils Tablet For The Cooking Enthusiast
Google Drive Now Gets 15 GB Of Storage     General Computing News      Amazon Buys Liquavista From Samsung

Get RSS feed Easy Print E-Mail this Message

Related News
Dell Enters The Embedded PC Market with New Embedded Box PCs
Dell Updates Latitude Family, Unveils OLED Monitor At CES
Dell Says Security Hole Identified In Some Laptops
Dell's Black Friday And Cyber Monday Offers on PCs, Tablets And More
Dell And Microsoft Introduce Hybrid Cloud Syste
Dell Unveils Smaller, Faster OptiPlex Business PCs
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Dell Releases Windows 10 XPS Devices
Dell May Buy Data Storage Company EMC: reports
Dell To Invest $125 Billion in China
Microsoft and Dell Partner to Deliver Windows 10 devices And Support to the Enterprise

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .