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Dell Latest News: Dell Committee Dismisses Icahn Proposal

Wochit 0:48 mins

The special committee reporting to Dell's board of directors has panned activist investor Carl Icahn's (ICON) sweetened proposal. Dell may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote too close to call. With the vote over a proposal to go private coming, activist investor Carl Icahn offered another of his open letters to shareholders of Dell, accusing the company?s board of trying to ?frighten? its investors throughout the process of the transaction.

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