Billionaire investor Carl Icahn has been nothing if not persistent in his efforts to keep Michael Dell from rebuilding his computer business as a private company, but on Monday Icahn’s stock repurchase proposal got the thumbs-down again. A special committee of Dell’s board of directors, formed to weigh the company’s various financial options, noted that it believes Icahn’s proposal undervalues the company, at least when stacked up against Michael Dell’s proposed $24.4 billion sale.
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No Love From Dell for Icahn's Latest Proposal
Posted by: Erika Morphy June 24, 2013 01:20 PMBillionaire investor Carl Icahn has been nothing if not persistent in his efforts to keep Michael Dell from rebuilding his computer business as a private company, but on Monday Icahn’s stock repurchase proposal got the thumbs-down again. A special committee of Dell’s board of directors, formed to weigh the company’s various financial options, noted that it believes Icahn’s proposal undervalues the company, at least when stacked up against Michael Dell’s proposed $24.4 billion sale.