Business

Icahn Files Suit Over Latest Dell Buyout Offer

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Icahn Files Suit Over Latest Dell Buyout OfferHot Halloween Costumes

186544357 Icahn Files Suit Over Latest Dell Buyout OfferLast Minute Halloween Costumes

 alt=Musicians Then And Now

452359772 10 Icahn Files Suit Over Latest Dell Buyout OfferMissing Summer?

 alt=Photos From Our Halloween Party

cowb thumb Icahn Files Suit Over Latest Dell Buyout OfferCowboys Cheerleaders

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 This material may not be published, broadcast, rewritten or redistributed.)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: