Dell special committee slams new Icahn plan as incomplete
The special committee of Dell's board managing the computer maker's effort to go private rejected the latest takeover proposal put forth Tuesday by activist investor Carl Icahn as lacking key details necessary for its approval.
Earlier Tuesday, Icahn proposed in a letter to shareholders that Dell buy back 1.1 billion shares at $14 as an alternative to the plan to take the company private proposed by company founder Michael Dell and Silver Lake Partners. Icahn also announced that he had purchased 72 million Dell shares from proxy fight partner Southeastern Asset Management, making him the second largest … Read more