Bloomberg: Icahn to Increase Dell Offer With Warrant
Bloomberg reported that Carl Icahn, in a bid to force Michael Dell to sweeten his $24.4 billion buyout proposal for Dell, said he’ll increase his offer for the PC maker by adding a warrant.
Bloomberg said Icahn, who holds an 8.7% stake in Dell, has been trying for months to force Michael Dell and buyout partner Silver Lake Management to sweeten their $13.65-a-share offer. His latest plan would offer Dell shareholders $14 or the ability to retain equity in a publicly traded portion of the company — rather than the buyout group’s deal that takes all the shares off the table for outside investors.
To read the full Bloomberg report click here.
Previously on abfjournal: Reuters: Jefferies Sets Pricing on Loan for Icahn’s Dell Bid, June 25, 2013.