Icahn, Southeastern Reunite To Fight $24B Dell Deal

Law360, New York (March 7, 2013, 7:37 PM EST) -- Carl Icahn and Mason Hawkins are at it again, lining up against Dell Inc.'s $24.4 billion buyout and seeking to repeat their performance of last year, when they wrestled four seats from Chesapeake Energy Corp. in an activist campaign that eventually ousted the company's CEO.

Icahn, the billionaire activist investor, on Thursday revealed a “substantial” stake in Dell and said he would oppose the $13.65-per-share offer from Michael Dell and private equity firm Silver Lake Partners. Instead, he is offering the board a choice: Approve a...
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