Tag: dell

Dell Deal Saga- Voting Rule Change

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Voting Rule Change Is Viewed as Crucial to Dell Founder’s Takeover Bid. Last week, Michael  Dell and his partner, the investment firm Silver Lake, sought to change the rules for a shareholder vote on their bid for the company. In…

Hedge Funder Icahn Slams Ackman and Rips Into Dell Board

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“I believe this will go to a proxy fight and I believe I can win,” he said. “Dell has done a really poor job (but) the board has done an awful job. You know I don’t blame Dell as much as I do the board.”

“They’re giving the damn thing away,” he added. “If you are an institution, why would you want this guy still running the company?”

Blackstone Drops $24.4 Billion Dell Buyout Bid

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Blackstone Group LP Drops $24.4 Billion Buyout Bid, which leaves Dell with 2 potential bidders. CEO Michael Dell and billionaire hedge fund titan Carl Icahn. Dell has offered $24.4 billion, or $13.65 per share, and would take the company private. Hedge fund hot shot Carl Icahn has made a preliminary proposal to buy a majority of Dell stock while keeping it publicly traded. Icahn plans to pay up to $15 per share for 58 percent of Dell’s stock.