JPMorgan, Barclays Support Tenneco Federal-Mogul Buy

Tenneco signed a definitive agreement to acquire Federal-Mogul from Icahn Enterprises. After closing, Tenneco will split the businesses into two public companies. JPMorgan and Barclays provided $4.9 billion of debt financing to support the transaction.

Icahn Sues Dell in Latest Attempt to Derail Buyout

Reuters is reporting that Carl Icahn has sued Dell and its board in his latest attempt to derail a $24.4 billion buyout bid by the computer maker’s founder and CEO Michael Dell.

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.

WSJ: Icahn Raises $5.2 Billion for Dell Deal

The Wall Street Journal reported that investor Carl Icahn has raised more than $5 billion to finance his plan to recapitalize personal-computer maker Dell, a move he said should end speculation that the funds wouldn’t be available.

Reuters: Jefferies Sets Pricing on Loan for Icahn’s Dell Bid

Reuters reported that Jefferies & Co. defined price guidance on the $5.2 billion in term loans backing Carl Icahn’s bid for Dell.