Icahn Calls For $15.6B Stock Buyback In Dell Buyout Fight

Law360, New York (June 18, 2013, 5:06 PM ET) -- Carl Icahn on Tuesday offered the latest version of his alternative to Dell Inc.’s $24.4 billion go-private deal, demanding the company buy back $15.6 billion in shares and digging in a month before a decisive shareholder vote.

Icahn said in an open letter to Dell shareholders that he and fellow dissident investor Southeastern Asset Management Inc. remain allied in their opposition to the deal, which would see founder Michael Dell and Silver Lake Partners buy out public shareholders for $13.65 apiece.

Instead, the billionaire urged Dell...
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