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: firstname.lastname@example.org