Joined Nov 11, 2007
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Carl I Want 3 Seats on Your Board Ichan Takes a 6% Stake in $DELL

“Carl Icahn appears set to enter the fray over the leveraged buyout of Dell. Trading sources say they are confident that Icahn has amassed a position in Dell that may approach 100 million shares, and would bring him to a roughly 6 percent ownership. Icahn is expected to file a 13D on Dell very soon and has purchased control of his shares over the last two weeks as Dell’s shares have traded near $14.

When reached for comment, Icahn said he wouldn’t discuss Dell or any rationale he had for the investment. However, people familiar with the situation, said Icahn has met with advisors for Dell’s special Committee and urged them to pursue a leveraged recap of the computer maker—rather than the $13.65 a share leveraged buyout by Michael Dell and Silverlake that has been agreed to. Advisors to the special committee asked Icahn to sign a confidentiality agreement and join the go-shop process now being conducted by the special committee, but has yet to do so…..”

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