Carl Icahn and Southeastern Asset Management planned buyout for Dell Inc. was backed by the company’s shareholder, Yacktman Asset Management.
Dell Inc
Yacktman Asset Management expressed its support for Carl Icahn's buyout offer for Dell.
Dell buyout will not push through at US$24.4 billion.
Dell Inc’s shares fell more than 3% on Friday after investors grew skeptical if Michael Della and Silver Lake Partners could raise their buyout bid of US$13.65 per share piece.
Michael Dell’s US$24.4 billion bid to take Dell Inc private mounted odds as the Institutional Shareholder Services firm lean against the offer and the company’s board urged the founder and his partners to increase their bid.
Dell Founder, Michael Dell has been advised by experts to raise his current offer of $24.4 billion to Carl Ichan
Carl Icahn and affiliates provided US$3.42 billion or 66% of the debt financing needed to back up his bid for computer maker Dell Inc.
Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.
Michael urged stakeholders of Dell Inc. to vote in favor of his buyout proposal prior shareholder's meeting next month.
Carl Icahn reiterated his interests in owning Dell and said that the US$5.2 billion refinancing from the investment bank is expected in the next couple of weeks.
Carl Icahn promised Dell shareholders to buyback US$16 billion of its stock if they will join his campaign against privatization of the computer maker.
Carl Icahn and Southeastern Asset Management are short listing potential candidates for Dell Inc CEO. after they succeeded in the proxy battle against company founder Michael Dell and Silver Lake Partners.
Quest Software Inc has received an improved bid from Dell Inc to buy the maker of enterprise management software for about $2.32 billion, a source close to the matter said on Monday.
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