TweakTown
Tech content trusted by users in North America and around the world
5,669 Reviews & Articles | 36,040 News Posts

Carl Icahn retreats from Dell takeover battle, says he is done

Carl Icahn says he is finished trying to battle Michel Dell over the privatization of Dell Computers (NASDAQ:DELL)

| Business, Financial & Legal News | Posted: Sep 10, 2013 1:46 am

Carl Icahn has called it quits and given up his fight to take control of Dell Computers. Icahn announced his intent to cease his fight to take over control of Dell in a newsletter he sent out to shareholders earlier today. This leaves the door wide open for Dell CEO Michael Dell to finally take the company private after 14 long months of Icahn's blockade.

 

TweakTown image news/3/2/32808_1_carl_icahn_retreats_from_dell_takeover_battle_says_he_is_done.jpg

 

Michael Dell, along with private equity firm Silver Lake, will come together to purchase all outstanding shares of the company for $25 billion in an effort to take it private. Dell has agreed to pay $13.75 per share, issuing a one-time dividend to shareholders in exchange for a modification to the way votes are tallied. This new method will ensure that only votes that are actually submitted will count towards the final tally, thus giving Dell and Silver Lake control of the company.

NEWS SOURCE
Techspot.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below