Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Dell Committee Reminds Icahn Need For Additional Information - Quick Facts

The Special Committee of the Board of Dell Inc. (DELL: Quote) sent a letter to Carl Icahn and Southeastern Asset Management underscoring its need for additional information regarding the proposed leveraged recapitalization transaction submitted on May 9.

"As you know, on May 13, 2013 we sent you a letter requesting clarifications and additional materials relating to your proposal. Unless the Board determines that your proposal could reasonably be expected to result in a "Superior Proposal", we are not permitted to provide you with information or engage in discussions concerning your proposal," Dell Special Committee stated in the letter.

Dell Special committee said unless it receive information that is responsive to its May 13 letter, the company is not in a position to evaluate the Icahn proposal.

The letter from the Special committee was in response to a number of requests for information, including a request for data room access for a potential lender, to advisors to the Special Committee of the Board of Dell Inc. in connection with the potential transaction.

Click here to receive FREE breaking news email alerts for Dell Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs. Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country. In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.