Mike Dell, Silver Lake Said to Disagree on Breakup Fee if Dell (DELL) Bid Fails

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Go back to Mike Dell, Silver Lake Said to Disagree on Breakup Fee if Dell (DELL) Bid Fails

Icahn and Southeastern's Open Letter to Dell (Dell) Special Committee

July 23, 2013 1:24 PM EDT

Carl C. Icahn and his affiliates and Southeastern Asset Management today issued the following letter to the Dell (Nasdaq: DELL) Special Committee.

Ladies and Gentlemen:

In our years in business we have witnessed many unconscionable boards. But, we think that the ongoing "Desperate Dell Debacle" stands out as one of the most startling examples. Amazingly, through it all, the Special Committee continues to remind us just how much they believe that they are taking care of us, watching out for us and protecting us. We have a number of questions for these... More

Icahn, Southeastern Issue Letter to Dell (DELL) Holders Following Meeting Adjournment

July 18, 2013 10:21 AM EDT

Southeastern Asset Management, Inc. and Carl C. Icahn today issued the following statement in response to the decision by Dell Inc. (Nasdaq: DELL) to adjourn the company's Special Meeting to July 24, 2013.

"It is unfortunate, although not surprising, that Dell's Board and Special Committee have delayed the date of the Special Meeting at which stockholders can vote on the Michael Dell/Silver Lake freeze out transaction. We believe that this delay reflects the unhappiness of Dell stockholders with the Michael Dell/Silver Lake offer, which we believe substantially... More

UPDATE: Dell, Inc. (DELL) has adjourned its shareholder meeting

July 18, 2013 9:16 AM EDT

(Updated - July 18, 2013 9:17 AM EDT)

Dell, Inc. (NASDAQ: DELL) has adjourned its shareholder meeting. The meeting is rescheduled for July 24th.

This is being seen as a move by Michael Dell and Silver Lake to gain more votes.... More