Don't Count On Appraisal, Dell Warns Shareholders

Law360, New York (July 12, 2013, 2:46 PM EDT) -- Dell Inc.'s board on Friday warned shareholders not to be fooled by Carl Icahn's plan to exercise appraisal rights, warning that the process is long, expensive and not guaranteed to beat the $13.65 being offered by Michael Dell and Silver Lake.

Icahn this week said he would seek to have a Delaware judge value his 152 million Dell shares, and urged other investors to do the same. If enough shareholders opt for appraisal, the billionaire said it could force the buyout group to raise its price...
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