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Netflix, Inc. Message Board

  • nw2000_ca nw2000_ca Apr 7, 2013 12:01 AM Flag

    Mr. Icahn wasn't immediately available for comment. "Icahn did not sell NFLX share."

    Dell to Reimburse Icahn if He Drops Proxy Fight, Litigation Threats

    Dell Inc. said it is willing to provide activist investor Carl Icahn with the same expense reimbursement that it has offered to its other two bidders, but only if Mr. Icahn drops his threats to pursue a proxy fight and litigation.

    In a letter to Mr. Icahn on Friday, Dell's special committee of directors noted that Mr. Icahn has threatened the company's directors with "years of litigation" and a proxy fight if they do not conduct the transaction process in the manner that he prefers.

    "We are willing to provide you with the same expense reimbursement that has been made available to the other two bidders if you will commit contractually to work within our process, but we are not prepared to do so as long as you, unlike them, reserve the right (and continue the threat) to subvert it with a proxy fight, litigation and other tactics that would prolong the instability and uncertainty facing the company," the company said in its letter.

    Mr. Icahn wasn't immediately available for comment.

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