“Investor Carl Icahn and Southeastern Asset Management have proposed a new offer to Dell shareholders, who are considering a proposal by founder Michael Dell’s group of investors, including Microsoft, to purchase existing shares at $13.65 each in order to take the company private,” Electronista reports. “In a letter to Dell’s board of directors, Icahn and Southeastern are counter-proposing a deal to give all Dell shareholders the option to retain shares in the company, plus take an additional $12 a share in cash or stock.”

“Icahn, Southeastern and several other large Dell shareholders have said the company is selling out too cheaply to Mr. Dell and Silver Lake,” Electronista reports. “The letter claims Icahn and Southeastern combined retain 13 percent of Dell stock. Michael Dell and his investors control 16 percent.”

Electronista reports, “On CNBC’s Fast Money Halftime Report show, Icahn revealed that on Monday he will nominate a slate of 12 new directors and, if successful, he’ll see to it that Michael Dell doesn’t remain in his position as chief executive. ‘He will not be running the company,’ Icahn said. He did add that it was ‘not that I have anything against [Michael] Dell. I’m sure he’s a very nice guy, but it’s a new world out there.'”

Read more in the full article here.

MacDailyNews Take: SIDAGTMBTTS.

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