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 company, which is nearly 156.5 million shares.
Before Icahn’s most recent purchase he owned 8.7 percent of the company. Now, with 8.9 percent ownership, the investor is the second largest shareholder of the company after founder and CEO Michael Dell, who owns about 14 percent of the company.
So, that gives him more power than he had before. Thus he can push the agenda he wants. Or at least try to.
We’ll see how this plays out in September. Assuming nothing else happens in the meantime.
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Carl Ichan Executes “Plan B” That Involves Buying More Shares
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 company, which is nearly 156.5 million shares.
Before Icahn’s most recent purchase he owned 8.7 percent of the company. Now, with 8.9 percent ownership, the investor is the second largest shareholder of the company after founder and CEO Michael Dell, who owns about 14 percent of the company.
So, that gives him more power than he had before. Thus he can push the agenda he wants. Or at least try to.
We’ll see how this plays out in September. Assuming nothing else happens in the meantime.
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This entry was posted on August 6, 2013 at 6:31 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.