Dell Committee Wants Specifics On Icahn's Rival Buyout Bid

Law360, New York (May 13, 2013, 1:40 PM EDT) -- Dell Inc.’s special committee on Monday pressed activist shareholder Carl Icahn and Southeastern Asset Management Inc. for more information on their offer challenging a $24.4 billion sale to a private equity-led group that includes the PC maker’s founder.

Icahn and Southeastern’s affiliates, which together own about 13 percent of Dell, are offering shareholders $12 per share in cash or in additional shares valued at $1.65, according to a letter filed with the U.S. Securities and Exchange Commission. The proposal technically comes in under Silver Lake Partners...
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