logo
Plus   Neg
Share
Email
Comment

Dell Committee Reminds Icahn Need For Additional Information - Quick Facts

The Special Committee of the Board of Dell Inc. (DELL) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
J.M. Smucker Co. Tuesday announced a voluntary recall of some shipments of dog food, including Gravy Train, Kibbles 'N Bits, Ol' Roy, and Skippy canned/wet dog food, after finding "extremely low levels" of pentobarbital. Pentobarbital is a barbiturate drug that is most commonly used in animals as... Amazon.com Inc. (AMZN) Tuesday announced that its Prime members can earn 5% back on Whole Foods Market purchases when using Amazon Prime Rewards Visa Card. With this latest discount offer, Amazon Prime members who shop using the Amazon Prime Rewards Visa Card now enjoy 5 percent back on Whole Foods... Lucky Charms' new marshmallow - the magical unicorn is ready to attract kids and cereal lovers. This is the first marshmallow to be introduced in the last ten years.
comments powered by Disqus
Follow RTT