Dell Inc. Posts

Carl Icahn To Increase Bid On Dell Tomorrow

Carl Icahn
Billionaire activist investor Carl Icahn is going to increase his bid on Dell tomorrow morning.  When speaking on Bloomberg TV, Icahn said that he will be adding warrants to his bid of $14 per share for 72% of the total shares.  He did not offer other details, but he said that Dell shareholders would be presented with a new offer on Friday morning.

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Institutional Shareholder Services (ISS) Endorses Michael Dell’s Offer

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Proxy advisory firm Institutional Shareholder Services has endorsed the $24.4 billion buyout plan by Michael Dell for personal computer company Dell Inc.  This deal highly benefits Mr. Dell, the founder and CEO of Dell Inc. over billionaire investor Carl Icahn.  Icahn attempted to rally Dell shareholders to pursue his deal, including investment company Southeastern Asset Management.
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Carl Icahn Proposes A $14 Per Share Tender Offer For Dell Inc. (DELL)

Carl Icahn
Carl Icahn has proposed to take control of Dell Inc. (NASDAQ:DELL) by offering 1.1 billion shares at $14 per share.  This offer is 35 cents per share higher than the one that is offered by CEO Michael Dell and private equity company Silver Lake Partners, according to AllThingsD.
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Carl Icahn Will Likely Walk Away From The Dell Proxy War

Carl Icahn
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 Announces The XPS 27 AIO PC and XPS 12 Laptop/Tablet Hybrid at Computex 2013

Dell XPS27 AIO
[Image: Dell XPS 27]

Dell announced a couple of new all-in-one PCs at Computex 2013.  This includes the Dell XPS 27 and the XPS 12.
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The Dell OptiPlex 3011 All-in-One Has A Thin Design and Starts at $649

Dell Optiplex 3011 AIO

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.

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Carl Icahn Is Talking To Banks About Lining Up $7 Billion For Dell Deal

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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.

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Dell Inc. (DELL) To Withhold Information From Carl Icahn Until Board Determines Best Deal

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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.

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