In what can only be described as an entirely expected move, Carl Icahn has made it known he's not interested in just getting repaid a few million dollars toward researching his proposed Dell (DELL) takeover. He wants what he wants, and that's that.
Late Friday, the special committee of Dell's board that's examining the computer company's buyout possibilities said, in essence, that it would pay Icahn back for his expenses, as he's sought -- what's good for one bidder is good for all.
That's provided he'll drop his promises of lawsuits. The committee released a letter it sent Icahn, saying it has "welcomed" his interest in a possible acquisition and that it encouraged his "continuing participation in our process." Then it came to the point about his negotiating tactics.
"At the same time, however, you have threatened the Company's directors with 'years of litigation' and a proxy fight if they do not conduct the transaction process in the manner you prefer. You have also sought a specialRead More »from Icahn to Dell: I Said I’m Not Going Away