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Carl Icahn Looking at $70 Million Profit on Dell Investment

Published on September 9, 2013
by David Benoit

Carl Icahn is looking at about a $70 million profit on his six-month investment in Dell Inc. if the buyout of the computer company passes this week and he sells his stake into the deal, a person familiar with his investment said Monday.

Mr. Icahn views his profits as a “consolation” prize in his broader fight in the deal, the person said.

Monday, Mr. Icahn announced he had resigned himself to losing his campaign to upend the deal, telling Dell shareholders he wasn’t going to take further action. He said he plans to still seek a court appraisal of the value of Dell shares, a process that could impact the profits he ultimately takes home.

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