Icahn Agrees to Restrict Himself in Talking With Dell Holders
Carl Icahn can talk to other Dell Inc. shareholders about his ideas, but won’t be allowed to form a formal group that would be bigger than the stake held by founder and CEO Michael Dell.
The activist investor reached a deal with the special committee of the computer maker that will allow him to consult with other holders as he considers whether to move forward with his preliminary bid to buy up to 58 percent of the company for $15 a share. But while he can talk to others, he is not allowed to sign them up for a group that would give him control of more than 15 percent of Dell shares. Icahn is also not allowed to own more than 10 percent of shares himself.