Dell Strikes Deal To Stall Icahn

Law360, New York (April 16, 2013, 11:43 AM EDT) -- Dell Inc. announced an agreement Tuesday with Carl Icahn that caps his ownership stake in the company while allowing him to contact other shareholders about joining his takeover bid, one of three before the computer maker's board.

Icahn cannot increase his stake, currently at about 4.6 percent, to more than 10 percent, or team up with other investors to acquire more than 15 percent of Round Rock, Texas-based Dell’s shares.

The standstill agreement, which comes on the heels of a confidentiality agreement signed last month, acts...
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