Business Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

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Business Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

Business Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid
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Business Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

Wochit 0:44 mins

Carl Icahn has secured $5.2 billion in financing from banks and institutional investors for his offer for Dell Inc, people familiar with the matter said. The Italian carmaker's chairman and controlling shareholder John Elkann said that Fiat was not among potential investors sounded out by PSA Peugeot Citroen's founding family. Manufacturing activity grew in June, rebounding from an unexpected contraction the prior month, but hiring in the sector was the weakest in nearly four years

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