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Technology Icahn files lawsuit over latest Dell buyout offer

Icahn files lawsuit over latest Dell buyout offer

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Dell Inc. headquarters                                              File art     The Associated Press   Activist investor Carl Icahn is suing Dell Inc. to prevent the PC maker from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.   Icahn’s complaint seeks to prevent the company from setting a new record date for a special meeting at which shareholders will vote on an offer that Dell recently raised.   Dell and the Round Rock, Texas, company agreed months ago on a deal in which Michael Dell will buy the company for $24.4 billion, or $13.65 per share. Dell has since raised that offer to $13.75 per share, and a board committee has proposed changing the record date, which would allow a bigger pool of stock owners to cast ballots.   Dell shareholders are scheduled to vote today on the $13.65-per-share offer.    

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