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Michael Dell

Dell Committee Again Seeks More Info from Icahn on Takeover Bid

Dell Inc.'s (DELL) special committee sent another letter to activist investor Carl Icahn and Southeastern Asset Management Inc. seeking more information about their takeover proposal, reiterating that the committee can't engage in talks until determining the proposal to be credible.In a letter last week, the committee said it wasn't clear whether the offer is an "actual acquisition proposal" or an alternative that should be considered if Dell's pending $24.4 billion sale to Silver Lake Partners and founder Michael Dell isn't approved.On Monday, the committee again said that unless the board determines the alternative proposal reasonably could be expected to result in a "superior proposal" to its existing deal, it isn't permitted to provide information or engage in talks.Mr. Icahn wasn't immediately available for comment.Mr. Icahn and Southeastern proposed the alternative offer earlier this month, saying they propose giving Dell shareholders the option to keep holding stock in the compa...

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  11. Dell Committee Wants More Info From Icahn

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  1. Blackstone, Pactera insiders make $680 million offer

    Pactera Technology International Ltd said on Monday that Blackstone Group LP , together with the company's management, made a $680.3 million non-binding proposal to ...

  2. Pen Pals: Dell Committee Writes Another Letter to Icahn

    For the second time in a week, the special committee running Dell's (NASDAQ:DELL) buyout process fired off a letter to billionaire Carl Icahn on Monday that requeste...

  3. Dell Again Seeks More Info from Icahn Bid

    Dell Inc.'s (DELL) special committee sent another letter to activist investor Carl Icahn and Southeastern Asset Management Inc. seeking more information about their ...

  4. Dell tells Icahn cannot disclose more information yet

    Dell Inc sent a letter to suitors Carl Icahn and Southeastern Asset Management saying the company could not provide more information about itself unless the board de...

  5. Dell 1st-Quarter Profit Down 79% as PC Sales Fall

    Dell Inc.'s (DELL) fiscal first-quarter earnings dropped 79%, missing Wall Street expectations, as the computer maker reported weaker revenue in its computing segmen...

  6. Dell Profit Down 79% as Revenue, Margins Slip

    Dell Inc.'s (DELL) fiscal first-quarter earnings dropped 79%, missing Wall Street expectations, as the computer maker reported weaker revenue in its computing segmen...

  7. Dell 1st-Quarter Profit Down 79% as Revenue, Margins Slip

    Dell Inc.'s (DELL) fiscal first-quarter earnings dropped 79%, missing Wall Street expectations, as the computer maker reported weaker revenue in its computing segmen...

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