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VOL. 37 | NO. 10 | Friday, March 08, 2013

Icahn signs confidentiality agreement with Dell

The Associated Press

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Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, is entering into a confidentiality agreement that would give him access to the computer maker's financial records.

Michael Dell is planning a $24.4 billion buyout to take the Round Rock, Texas, company private. But Icahn and other investors say the price of $13.65 per share is too low.

Icahn wants the company to pay a special dividend of $9 per share if shareholders reject this offer. He is also offering to provide the loans that would help fund the dividend payment.

Icahn's company, Icahn Enterprises, says it holds a substantial stake in the company.

Dell shares are up 10 cents at $14.26 in premarket trading.