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VOL. 37 | NO. 10 | Friday, March 08, 2013
Icahn signs confidentiality agreement with Dell
The Associated Press
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.