Loading...
Loading...
The Special Committee of the Board of Dell Inc.
DELL issued
the following statement in response to a letter to shareholders released
today by Carl Icahn:
“We are today reviewing the fifth proposal from Carl Icahn, which would
include issuance of warrants in connection with the self-tender proposal
he previously outlined. We are working with our advisors to evaluate
whatever benefits might flow to shareholders from the warrant he has
proposed to include in his structure. We would note that a portion of
any value attributed to the warrants would be offset by a reduction in
the value of the recipients' stub equity, as well as the fact that
receipt of the warrant would likely be a taxable event.
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in