Icahn sweetens Dell counterproposal with warrants
- Photos (1)
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.
NEW YORK ó 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.
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 Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
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 )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close