Stepping up an ongoing battle over the future of Dell (NASDAQ:DELL), Carl Icahn and Southeastern Asset Management revealed their own slate of 12 directors on Monday that includes the legendary corporate raider himself.
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The announcement comes after Dell’s special committee fired off a slew of questions for Icahn and Southeastern, two of the company's largest outside investors, about a deal they have presented as an alternative to the pending $24.4 billion go-private deal with Dell founder and CEO Michael Dell.
Icahn and Southeastern have now presented a slate of 12 directors they hope shareholders will install in a proxy fight.
Icahn said he intends to nominate six individuals to the board: himself, Harry Debes, Dr. Rajendra Singh, Gary Meyers, Daniel Ninivaggi and Jonathan Christodoro.
Southeastern also nominated six potential directors to the slate: Matthew Jones, Bernard Lanigan, Jr., Rahul Merchant, Peter van Oppen, Howard Silver and David Willmott.
Southeastern and Icahn together own about a 13% stake in Dell and have pledged to vote their shares against the proposed LBO.
The two investors said they plan to solicit proxies for their nominees as a single slate and to jointly prepare, file and mail a proxy statement ahead of the 2013 annual meeting of Dell shareholders.
Last week Icahn and Southeastern urged Dell’s special committee to allow a shareholder vote on a proposal that would give shareholders a choice between receiving $12 a share in cash or $12 in additional shares valued at $1.65 a share.
On Monday the committee requested more information on the proposal, including how it would be financed.