Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 08 April 2013 10:48

Icann not backing down

Written by Nick Farrell


 
Proxy fight to the death over Dell

Carl Icahn is refusing to drop out of his proxy fight to force Dell to pay a big dividend, in spite of the company’s request that he drop his threats and launch a formal bid for the company.

Icahn had asked the board's special committee to be reimbursed for the cost of his due diligence on Dell something the company gave rivals Silver Lake and Blackstone. Dell said it would consider Icahn's request to cover the cost of his expenses for discovery, but only if he would drop his rights to a proxy fight and threats of "years of litigation."

Icahn said he is considering a range of options, including his earlier proposal for a dividend, which would necessitate a proxy fight, as well as his preliminary bid to buy up to 58 percent of the company. He currently owns a $1 billion worth of Dell shares. Icahn said that no matter how much Dell was willing to pay to reimburse him, he was not going to give up the right to put in a bid that the thought would be compelling to shareholders, even if the board doesn't like it.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments