Deals Rumor Mill: Dell, IMM, Billabong

Law360, New York (July 3, 2013, 4:12 PM EDT) -- A special committee of Dell Inc.'s directors is urging Michael Dell to find some extra cash in his quest to take his company private, according to The New York Times. The newspaper is reporting that Dell's board is pushing the founder to raise his $13.65-per-share offer price as a stockholder vote fast approaches.

Two large Dell shareholders, Carl Icahn and money manager Southeastern Asset Management Inc. have continued to rip the deal and are pushing a leveraged share buyback as an alternative. Together, they control about...
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