CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
One Year Anniversary West Fertilizer Blast: | Complete West Explosion Coverage

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

kluvs super 70s weekend voting 1979 dl Icahn Files Suit Over Latest Dell Buyout OfferPick The Best Song From 1979

115245513 8 Icahn Files Suit Over Latest Dell Buyout OfferCrush Of The Day: Mila Kunis

80219448 Icahn Files Suit Over Latest Dell Buyout OfferViral Video: Hilarious Southwest Safety Announcement

155742164 Icahn Files Suit Over Latest Dell Buyout OfferPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

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 This material may not be published, broadcast, rewritten or redistributed.)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