Dell Latest News: Dell Shareholder Yacktman Plans to Back Icahn

Wochit 0:47 mins

Dell Inc shareholder Yacktman Asset Management said it plans to support Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker. It looks like Michael Dell is inching closer to the finish line because proxy firm Glass Lewis backs and recommends Dell's $24.4bn offer. The $24.4 billion buyout plan by for the struggling computer maker Dell got a major endorsement, as the proxy advisory firm Institutional Shareholder Services endorsed it as the best course that shareholders should follow.

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