Breaking News Bar
updated: 7/12/2013 10:48 AM

Icahn sweetens Dell counterproposal with warrants

hello
Success - Article sent! close
  • Billionaire investor Carl Icahn, right, is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell founder Michael Dell, left, to buy it and take it private.

      Billionaire investor Carl Icahn, right, is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell founder Michael Dell, left, to buy it and take it private.
    Associated Press

 
Associated Press

NEW YORK -- 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.

Icahn, who owns a nearly 9 percent stake in Dell, now wants to offer shareholders warrants in addition to cash.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Under his revised offer, shareholders could receive $14 per share, plus one warrant for every four of their shares. The warrant would give shareholders the right to buy one Dell share for $20 over the next seven years.

In a letter to shareholders, Icahn values his counterproposal at about $15.50 to $18 per share.

Michael Dell and Silver Lake Partners have offered $13.65 per share.

Dell shares slipped 4 cents to $13.31 in morning trading.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here