Deals
Icahn Reviewing Dell Books Amid Mounting LBO Opposition
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Billionaire Carl Icahn is reviewing Dell Inc.’s books as he pushes alternatives to a proposed $24.4 billion leveraged buyout of the personal computer maker that faces mounting resistance from investors.
Icahn, who has amassed a stake in Dell and is urging the company to pay a special dividend of $9 a share, said in a statement today that he signed a confidentiality agreement with Dell to examine information, without providing additional detail. David Frink, a spokesman for Dell, declined to comment beyond the public filing, and representatives for Icahn and didn’t respond to requests for comment.