At last we DELL shareholders aren't going to have our shares ripped off from us. As an Austin resident, I have been following Dell rather closely for years and know that the company is poised to make a dramatic comeback. Over that past several years, DELL has spent over $12BLN buying companies that bring it into the tech service sector and away from its dependency on hardware sales. As expected, these purchases require time to come to fruition. The seeds are planted and Michael wants to #$%$ the company on the cheap before those seeds start sprouting. Carl Icahn's generous offer allows us to remain aboard this enterprise (which I'd like to do) while doubling our stake in it. I'm all for it!
This is the same kind of thing Icahn did at Blockbuster. He will get $12 a share for his shares too. Borrow a bunch of money to pay the stockholders, and, before long the stock goes to pot before going out of existence through bankruptcy. Horrible deal.