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 the investment. However, people familiar with the situation said Icahn has met with advisors for Dell’s special committee and urged them to pursue a leveraged recap of the computer maker—rather than the $13.65 a share leveraged buyout by Michael Dell and Silverlake that has been agreed to.
This is going to be fun. Every time Carl Ichan gets involved in something, it becomes a gong show. Just look at Yahoo as an example of this. Stay tuned to this story, it’s going be fun to watch.
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This entry was posted on March 7, 2013 at 7:56 am and is filed under Commentary with tags Dell. You can follow any responses to this entry through the RSS 2.0 feed.
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Michael Dell, Meet Carl Ichan…. This Should Be Fun
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 the investment. However, people familiar with the situation said Icahn has met with advisors for Dell’s special committee and urged them to pursue a leveraged recap of the computer maker—rather than the $13.65 a share leveraged buyout by Michael Dell and Silverlake that has been agreed to.
This is going to be fun. Every time Carl Ichan gets involved in something, it becomes a gong show. Just look at Yahoo as an example of this. Stay tuned to this story, it’s going be fun to watch.
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This entry was posted on March 7, 2013 at 7:56 am and is filed under Commentary with tags Dell. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.