Breaking News

ASUSTOR at Computex 2026 Exceed the Infinite with New ASRock X870E Taichi White Motherboard Fanatec unveils new products and performance upgrades at Spring Showcase LG Electronics Introduces First UltraGear evo Hyper Mini LED 5K Gaming Monitor CORSAIR Launches ThermalProtect PCIe 5.1 600W 12V-2x6 Cable to Help Protect GPUs from Overheating

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Dell Requests Additional Information on Icahn's New Proposal

Dell Requests Additional Information on Icahn's New Proposal

Enterprise & IT May 13,2013 0

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.

Tags: Dell
Previous Post
Google Drive Now Gets 15 GB Of Storage
Next Post
ARCHOS Unveils Tablet For The Cooking Enthusiast

Related Posts

  • Dell introduces new monitor lineup for CES 2023, including world’s first 6K-resolution monitor

  • Dell Announces the New Gold Standard for Entry Storage

  • XPS 13 Reinvents Itself, Embracing Simplicity as the New Premium

  • Dell Announces 2021 Inspiron Series and XPS 13 with OLED Display

  • Transform Your Work Experience With New Dell Monitors

  • Dell to out new S2721DGF Monitor, HDR400 2560x1440 at 144 Hz

  • Dell Introduces new 27-inch curved and flat panel gaming monitors

  • Dell Releases new XPS 17 laptop, Alienware Gaming Systems, and Data Migration Services

Latest News

ASUSTOR at Computex 2026
Enterprise & IT

ASUSTOR at Computex 2026

Exceed the Infinite with New ASRock X870E Taichi White Motherboard
PC components

Exceed the Infinite with New ASRock X870E Taichi White Motherboard

Fanatec unveils new products and performance upgrades at Spring Showcase
Gaming

Fanatec unveils new products and performance upgrades at Spring Showcase

LG Electronics Introduces First UltraGear evo Hyper Mini LED 5K Gaming Monitor
Gaming

LG Electronics Introduces First UltraGear evo Hyper Mini LED 5K Gaming Monitor

CORSAIR Launches ThermalProtect PCIe 5.1 600W 12V-2x6 Cable to Help Protect GPUs from Overheating
Enterprise & IT

CORSAIR Launches ThermalProtect PCIe 5.1 600W 12V-2x6 Cable to Help Protect GPUs from Overheating

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

JSAUX 65Wh Rog Ally Battery

JSAUX 65Wh Rog Ally Battery

Introducing PriceHub

Introducing PriceHub

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed