Saturday July 4, 2020

New twists and turns in battle to acquire Dell

There were surprising developments in the fight to own computer giant Dell, as new bidders appeared following the opposition to Michael Dell's original offer.

20th April, 2013
Michael Dell's original bid was considered too low. Photo: Getty

Michael Dell's battle to take computer-maker Dell private continued last week after two rival bidders for the company emerged.

Billionaire investor Carl Icahn agreed to accumulate no more than a 10 per cent stake in Dell, as he continued to pursue an alternative to a $24.4 billion leveraged buyout by Dell's founder.

Dell gave Icahn a limited waiver to discuss a deal with other investors, while Icahn agreed not to join with other shareholders to build more...

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