Tuesday, August 6, 2013

Published 9:38 AM by

Carl Icahn has become the second largest shareholder of Dell

Carl Icahn has become the second largest shareholder of Dell



The American billionaire investor Carl Icahn has increased its stake in the share capital of the company Dell to 8.9%, becoming thus the second after Michael Dell shareholder. The increase in the proportion of shares Icahn comes a month before a key vote on the privatization of the Dell for $ 25 billion. As you know, Icahn opposes the proposed privatization plan delle. in documents filed with the Commission Ikanom the Securities and Exchange Commission United States, said that the businessman has bought additional 4,000,000 ordinary shares of Dell.

 Thus, today's portfolio Icahn has 156,500,000 shares of Dell or 8.9% of the total. The largest shareholder Dell - Michael Dell - owns 14% stake in the company. recall that Icahn and Dell were involved in a public confrontation on the plan of Dell. The latter offers to buy 100% of the shares at a price of Dell 13.65 dollars per share, while Icahn believes that this is too little. Michael Dell and managed by Silver Lake three days ago announced another "latest" offer to the shareholders Dell, trying to win over the balance in the draft privatization Dell.

According to the statement issued today, Dell, offer new offers 0.13 dollars per share as a one-time dividend to be paid on top of the 13.75 dollars, which were previously offered to holders of securities of the company. At the same time, Dell has announced a program earlier payment of dividends of 8 cents per share, which is realized of intra means, regardless of whether or not Dell privatized. Michael Dell's new offer in terms of all of the shares of the company on the deal even heavier than $ 120 million, and since the start of trading Dell has raised the offer to 470 million dollars, and now for the privatization of 100% of the shares he created a company offering slightly more than $ 25 billion.

Investors say that such proposals are intended to placate investors and force them to sell their stock on hand. Earlier, several shareholders said that Michael Dell's initial offer does not suit them. Today, the Special Committee of the Board of Directors endorsed the proposal and stated that it carries a tangible value for the shareholders of the company. As stated in the Committee today, now general meeting of shareholders scheduled for 12 September, when shareholders vote on the transfer of securities in private hands.
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