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Dell Computer Corporation (DELL) Message Board

  • suggp suggp Jun 18, 2013 5:43 PM Flag

    Dell and the board have been have been lowballing from the start.


    vote no and wait for southeasterns proxie

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    • Lowball?
      No other buyer has come forth to even match Mike Dell's $13.65 offer. If anything Mike Dell's $13.65 offer is a high price, not a "lowball" price.
      Hope this helps.

    • Can CI bring back his offer of $1.67 stub and div of $10 or $12. I will vote for CI. Any idea when all this will setttel?

      • 2 Replies to arif77_9
      • The funding will be launched on a 4:00 p.m. lender call that billionaire investor is expected to join.

        The $5.2 billion is split between a $2.2 billion six-year term loan B-1 and a $3 billion three-year term loan B-2. The six-year tranche will have standard 1 percent amortization, while the shorter-dated tranche amortizes at 10 percent.

        Icahn was not immediately available for comment.

        As previously reported, initial price guidance in May was in the LIB+350 area, subject to change due to market conditions.

        Earlier this week, Icahn reiterated his interest in owning Dell, saying in a telephone interview with Thomson Reuters LPC on Tuesday that he was moving forward with his plans to line up $5.2 billion in credit facilities. His comments echoed statements he made earlier that day in an open letter to Dell shareholders.

        "Nothing has changed regarding the financing," Icahn said in the interview. "We expect to have $5.2 billion in the next couple of weeks. Our investment bank is already committing $1.6 billion and my affiliates and I would provide $2 billion, if necessary."

      • that is not a bad offer