Icahn Highlights Risk in Dell (DELL) Deal Following Special Committee Comments
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Dell (DELL) Special Committee Does Not See New Icahn Offer as 'Superior'
July 16, 2013 5:07 PM EDTThe Special Committee of the Board of Dell Inc. (Nasdaq: DELL) today issued the following letter to stockholders:
Dear Stockholders:
We are writing to update you regarding our evaluation of the various leveraged recapitalization transactions that Carl Icahn has proposed, including the most recent version put forth at the end of last week, and to make some observations about leveraged recapitalizations more broadly.
The basic concept that Mr. Icahn has proposed would be a $15.6 billion self-tender by the Company at a price for each share actually purchased of $14.... More
Dell (DELL) Special Committee Notes Risk in Icahn Proposal
July 15, 2013 6:40 AM EDTThe Special Committee of the Board of Dell Inc. (Nasdaq: DELL) issued the following statement in response to a letter to shareholders released today by Carl Icahn:
We are today reviewing the fifth proposal from Carl Icahn, which would include issuance of warrants in connection with the self-tender proposal he previously outlined. We are working with our advisors to evaluate whatever benefits might flow to shareholders from the warrant he has proposed to... More
