News Summary: Icahn sweetens Dell counterproposal

NEWS SUMMARY: Icahn boosts counterproposal for Dell, adding warrants to previous offer

Associated Press

NEW YORK (AP) -- THE PROPOSAL: Billionaire investor Carl Icahn wants Dell shareholders to get a bigger stake in the struggling computer company. He wants them to receive $14 per share in cash, plus a warrant for every four of their shares.

THE DETAILS: The warrant would allow them to buy a Dell shares for $20 over the next seven years. Dell hasn't traded above $20 since September 2008.

UPCOMING VOTE: Icahn wants to thwart a bid from the company's founder, Michael Dell, and a group of investors to buy the company for $24.4 billion and take it private. Shareholders will vote on that offer Thursday.

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