Michael Dell Latest News: Icahn Sweetens Dell Counterproposal With Warrants

Wochit
Billionaire investor Carl Icahn is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell's founder to buy it and take it private. At least three shareholders who collectively hold nearly 3 percent of Dell Inc shares plan to vote against Michael Dell's $24.4 billion buyout offer, raising questions about proxy adviser Institutional Shareholder Services' sway with the PC maker's shareholders. In an email to Reuters, an ISS spokesperson defended supporting the deal. "ISS' role is to analyze the deal and make a recommendation that we see as being in the best interest of shareholders. That's what we've done," the email said. "At the end of the day however, as with any proxy vote, shareholders will make their own decisions based on their own circumstances," she said. The marathon effort to take the struggling computer-company Dell private in a $24.4 billion leveraged buyout by its CEO Michael Dell and the private-equity firm Silver Lake has officially been blessed by three out of three proxy-advisory firms
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