Dell Can’t Evaluate Icahn’s Proposal Without More Information

Dell Can’t Evaluate Icahn’s Proposal Without More Information

Sam Hodgson/Bloomberg

On May 13, Dell’s special committee asked Icahn and his partner Southeastern Asset Management Inc. for more information about his takeover plan, which involves borrowing money for Dell to offer $12 a share in cash or stock to investors, while also letting them retain stakes in a public company.