Dell Inc., the personal computer maker facing shareholder resistance to a proposed $24.4 billion leveraged buyout, will allow billionaire Carl Icahn review its books as he pushes alternatives to the deal.
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 Monday that he signed a confidentiality agreement with Dell to examine information, without providing additional detail.
Representatives for Icahn and Round Rock, Texas-based Dell couldn’t immediately be reached for comment.
Dell’s board is seeking bids higher than the $13.65 a share offer by Chief Executive Officer Michael Dell and Silver Lake Management LLC to take the company private.
Read tomorrow's Arkansas Democrat-Gazette for full details.