Icahn Drops Dell Fight, But With A Final Dig At Delaware

Law360, New York (September 9, 2013, 12:21 PM EDT) -- Carl Icahn on Monday officially dropped his efforts to block Dell Inc.'s $25 billion sale to its founder and CEO, but not before getting in a dig at the Delaware case law that foiled him.

The billionaire, who has spent the past eight months fighting Michael Dell and coinvestor Silver Lake Partners, said he still believes the buyout undervalues the company and robs shareholders of any upside. But after Chancellor Leo E. Strine Jr. rejected Icahn's attempt to force Dell to hold both the merger vote...
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