Icahn Drops Dell Appraisal Fight, Will Take Deal Cash

Law360, New York (October 4, 2013, 12:37 PM EDT) -- Carl Icahn on Friday laid down the last of his arms in his fight against Dell Inc.'s $25 billion buyout, dropping his demand for appraisal on more than 150 million shares and agreeing to take the $13.75-per-share merger price.

The billionaire investor broke the news on his new favorite outlet, Twitter, and later followed up with a regulatory filing.

"I withdrew my demand for appraisal of my Dell shares," Icahn — who has used his Twitter handle, @Carl_C_Icahn, to disclose market-moving news in recent weeks — said...
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