logo
Share SHARE
FONT-SIZE Plus   Neg

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

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
Follow RTT