back to article Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. …

COMMENTS

This topic is closed for new posts.
  1. Mark Cathcart

    The meeting is July 18th.

    1. Steve Knox
      Black Helicopters

      RE: The meeting is July 18th.

      That's what they want you to believe...

  2. Captain DaFt

    Nice vicious circle there

    Ichan buys more shares to gain leverage, but his reputation cause the share value to drop, which means he needs to buy more shares, which will eventually leave him with controlling interest in a company that's worthless, because he now controls it.

    What I'd like to see happen:

    Then Mr. Dell buys him out for a pittance, taking the company private as he originally intended, and its value rebounds dramatically. Icahn sues, and is laughed out of court, saddled with even more expenses.

This topic is closed for new posts.

Other stories you might like