The IT Nerd

Thanks for reminding me about that. It had completely fallen off my radar screen. In short, the bid is sort of in limbo. The last time I checked, Dell’s (with ally Silver Lake) offer had been upped to $13.75 a share from $13.65. But arch-nemesis Carl Ichan isn’t a fan of the deal: Icahn argues […]

So if threats, and lawsuits don’t work, how about becoming Dell’s second largest shareholder? That’s what Carl Ichan is up to: In a financial filing on Monday with the Securities and Exchange Commission it was revealed that Icahn bought 4 million more shares of the PC company on Thursday. This means he now owns 8.9 percent of […]

The privatization of Dell has just turned ugly. Late yesterday, Carl Ichan who is not a fan of the deal proposed by Michael Dell went to court to make sure a vote scheduled for today goes ahead: The lawsuit, filed in the Court of Chancery of the State of Delaware, seeks to prevent the computer […]

This just keeps getting weirder and weirder. The news is breaking that the special committee that is tasked with saying yes or no to the privatization of Dell has accepted a revised offer from Michael Dell: The company said on Friday that it has agreed to Dell’s recently announced $13.75-per-share offer. The parties have also […]

Well. the Toronto Maple Leafs might have lost last night to the Boston Bruins knocking them out of the playoffs, but Carl Ichan is still in the game to get Dell. According to Reuters, Dell is seeking additional information about the Ichan bid. The offer is worth up to $21 billion in cash that would allow people […]

If dealing with Carl Ichan isn’t bad enough, there’s now the prospect of never ending litigation over Michael Dell’s buyout plan: If the board refuses the proposal, Icahn intends to fight: Submit a new slate of directors who would be committed to implementing the special dividend. Icahn would then provide as much as $5.25 billion […]

If Michael Dell thought he could just take Dell computer private without much of a fuss, he’s likely rethinking that. Activist investor Carl Ichan has just purchased 6% of Dell stock. That allows him to make things very interesting: When reached for comment, Icahn said he wouldn’t discuss Dell or any rationale he had for […]

A press release put out today confirms what frequent readers of this blog already know. Multiple offers are on the table for Dell: The Special Committee of the Board of Dell Inc. (NASDAQ: DELL) today announced that the “go-shop” period provided for in the merger agreement between the company and entities owned by Michael Dell, […]