Icahn ups stake in Dell


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) - Carl Icahn's stake in Dell now stands at close to 9 percent, buttressing his claims that the fight for the embattled computer maker is not over.

Icahn disclosed in a regulatory filing late Monday that he's purchased an additional 4 million shares in Dell Inc. Icahn actually bought the shares Thursday, the same day he filed suit to block any delay in a shareholder vote over company control and a day before founder CEO Michael Dell boosted his bid.

Dell and investment firm Silver Lake Partners' latest buyout bid is $13.75 per share, with stockholders also receiving a special dividend of 13 cents per share. A shareholder vote on the offer is scheduled for Sept. 12.

Icahn has proposed a deal that he says is worth $15.50 per share.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

Business

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast