Business

Icahn Files Suit Over Latest Dell Buyout Offer

From Our CBS Music Web Sites

453641528 10 Icahn Files Suit Over Latest Dell Buyout OfferAdorbale Baby Animals To Put A Smile On Your Face

christmas on kluv dl Icahn Files Suit Over Latest Dell Buyout OfferListen To Christmas Music

176461204 10 Icahn Files Suit Over Latest Dell Buyout OfferWomen With Santa

 alt=Musicians Then And Now II

452359780 10 Icahn Files Suit Over Latest Dell Buyout OfferMissing Summer?

sx Icahn Files Suit Over Latest Dell Buyout Offer Victoria's Secret Fashion Show

ROUND ROCK (AP) - Activist investor Carl Icahn is suing Dell to prevent the PC maker from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.

Icahn’s complaint seeks to prevent the company from setting a new record date for a special meeting at which shareholders will vote on an offer that Dell recently raised.

Dell and the Round Rock, Texas, company agreed months ago on a deal in which Michael Dell will buy the company for $24.4 billion, or $13.65 per share. Dell has since raised that offer to $13.75 per share, and a board committee has proposed changing the record date, which would allow a bigger pool of stock owners to cast ballots.

Dell shareholders are scheduled to vote today on the $13.65-per-share offer.

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 This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: