Market Overview

Dell Special Committee Responds to Icahn's Latest Proposal

The Special Committee of the Board of Dell Inc. (NASDAQ: 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

Posted-In: News Guidance Asset Sales M&A

 

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