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Icahn, Southeastern Propose Alternative to Dell Buyout

Published on May 10, 2013
by Shira Ovide

Two of Dell Inc.’s largest stockholders, investor Carl Icahn and Southeastern Asset Management Inc., proposed an alternative offer to a $24.4 billion deal to buy out the company’s public stockholders.

In a letter to Dell’s board, Mr. Icahn and Southeastern said they propose giving Dell shareholders the option to keep holding stock in the company, and take an additional $12 a share in cash or stock, according to a copy of the correspondence reviewed by The Wall Street Journal.

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