Icahn raises Dell stake to nearly 9 percent as shareholder vote over company control nears

August 6, 2013 at 11:30AM

NEW YORK — Carl Icahn's stake in Dell now stands at close to 9 percent, buttressing his claims that the fight for the embattled computer maker is not over.

Icahn disclosed in a regulatory filing late Monday that he's purchased an additional 4 million shares in Dell Inc. Icahn actually bought the shares Thursday, the same day he filed suit to block any delay in a shareholder vote over company control and a day before founder CEO Michael Dell boosted his bid.

Dell and investment firm Silver Lake Partners' latest buyout bid is $13.75 per share, with stockholders also receiving a special dividend of 13 cents per share. A shareholder vote on the offer is scheduled for Sept. 12.

Icahn has proposed a deal that he says is worth $15.50 per share.

about the writer

about the writer

More from Business

See More
card image
Richard Tsong-Taatarii/The Minnesota Star Tribune

The “economic blackout” day creates unnecessary risk for people who are on the side of getting ICE out of Minnesota.

card image