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 who own Dell stock to keep their current stakes in the company. Shareholders would be given the option to receive either $12 per share in cash or $12 in additional shares valued at $1.65 per share.
Sounds sweet does it not?
Here’s the catch: The committee who’s evaluating all of the proposed deals has asked Icahn about his relationship with a company called Southeastern Asset Management Inc, as well as how he plans to fiance the deal, his strategy and operating plan, and his proposed senior management team. All of these could scuttle the deal. But if it doesn’t he may be the lucky winner in the race for Dell.
Like this:
Like Loading...
Related
This entry was posted on May 14, 2013 at 7:22 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.
Dell Considering Ichan Deal
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 who own Dell stock to keep their current stakes in the company. Shareholders would be given the option to receive either $12 per share in cash or $12 in additional shares valued at $1.65 per share.
Sounds sweet does it not?
Here’s the catch: The committee who’s evaluating all of the proposed deals has asked Icahn about his relationship with a company called Southeastern Asset Management Inc, as well as how he plans to fiance the deal, his strategy and operating plan, and his proposed senior management team. All of these could scuttle the deal. But if it doesn’t he may be the lucky winner in the race for Dell.
Share this:
Like this:
Related
This entry was posted on May 14, 2013 at 7:22 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.