Icahn, Southeastern Propose Alternative to Silver Lake, Dell Offer

Carl Icahn and Southeastern Asset Management are offering an alternative to the $13.65 per share offer for Dell DELL from Michael Dell and Silver Lake. Icahn's plan offers Dell shareholders a $12 per share cash distribution or $12 in additional shares worth $1.65 per share. The proposal was made in a letter to Dell's board, according to Bloomberg.