Billionaire investor Carl Icahn is likely going to walk away from the proxy battle that he started at PC manufacturing company, Dell Inc. Carl Icahn is going to drop his bid for Dell due to funding issues, according to CNBC. Apparently Icahn and Southeastern Asset Management is having a hard time putting together $5.2 billion that is needed for making an offer for Dell.
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Dell Inc. Posts
[Image: Dell XPS 27]
Dell has announced a new 20″ OptiPlex 3011 all-in-one desktop that can be considered ideal for classroom environments, task workers, etc. The 3011 has a thin design so that it does not clutter up too much of your desk. The 3011 can also be hung with a VESA mount and comes with an optional wireless LAN. The OptiPlex 3011 is available at a starting price of $649.
Activist investor Carl Icahn and Southeastern Asset Management are talking to banks and asset managers to line up $7 billion in bridge loans for their leveraged recapitalization proposal for Dell, according to sources with Reuters. Jefferies & Co is leading the bridge loan deal.
Dell Inc. (NASDAQ:DELL) has sent a letter to Carl Icahn and Southeastern Asset Management that they will not be providing more information about the company unless the board has determined that their proposal is “superior” to the one being offered by founder, Michael Dell. Carl Icahn and Southeastern partnered to offer $12 in cash per share or additional shares to existing investors for Dell earlier this month. That offered countered Michael Dell’s $24.4 billion bid.
Today Dell’s special committee asked Carl Icahn what the details are for his plans to acquire the computer maker company. The details Dell requested include how he would finance the offer and who would run the company. Carl Icahn and Southeastern Asset Management offered $21 billion in cash to keep the company public. This deal rivals the $24.4 billion deal that Dell founder Michael Dell offered for the company.
Dell Inc. has partnered with Airbus to offer electronic flight bag (EFB) systems for A320 airline operators. EFBs are an electronic system that is used for viewing and interacting with flight crew functions. It will replace paper operating manuals, airport charts, performance calculations, and navigation charts.
Dell has acquired cloud management software company, Enstratius. Through the acquisition, Dell will be able to offer end-to-end cloud solutions. Dell has been rapidly growing their cloud computing business as part of a bigger picture move to rely less on computer sales.