PUSHING THE FIGHT: Billionaire investor Carl Icahn will ask a judge to assess the fairness of a proposed $24.4 billion acquisition of struggling personal computer maker Dell in his latest attempt to wrangle a higher price.
LAST GASP?: The legal move outlined Wednesday may end up being one of the last moves in Icahn's crusade to prove that CEO Michael Dell and other investors led by Silver Lake Partners are trying to snap up the world's third largest PC maker at a steep discount to its long-term value.
SHAREHOLDER VOTE: Dell's shareholders will get their chance to accept or rebuff the offer at a July 18 meeting. The bid must be backed by slightly more than 42 percent of Dell's outstanding stock because Michael Dell's nearly 16 percent stake in the company is being excluded from the count.
- Investment & Company Information
- Carl Icahn
- Michael Dell