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Icahn: Major Bank Commited $1.6 Billion For Dell

Billionaire investor Carl Icahn on Tuesday said a "major investment bank" is willing to commit $1.6 billion to his buyout plan for Dell Inc. , as he blasted the company's argument that his proposal was risky and does not have enough financing. Icahn and Southeastern Asset Management have challenged a plan by Dell Chief Executive Michael Dell and Silver Lake to take the Texas computer company private in a $24.4 billion deal, or $13.65 a share. Icahn has argued that the proposal undervalues the company. Shareholders will vote on Michael Dell's proposal on July 18. Icahn and Southeastern Assset Management are waging a proxy battle to stop the plan. Shares of Dell were up a fraction late Tuesday.Copyright © 2013 MarketWatch, Inc....

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