The Special Committee of the Board of Dell Inc. DELL today issued
the following statement regarding a non-binding proposal it has received from
Carl Icahn and Southeastern Asset Management:
“Mr. Icahn and Southeastern have outlined a potential leveraged
recapitalization transaction that they want the Dell Board either to recommend
at this time or to consider if the existing going-private transaction is
rejected by Dell shareholders. They have also proposed replacing the Board
with a slate of new directors who they say would approve such a transaction.
Consistent with the Special Committee's goal of achieving the best possible
outcome for all shareholders, we and our advisors are carefully reviewing the
potential transaction to assess the potential risks and rewards to the public
shareholders.”
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