Icahn Enterprises Holdings Chairman Carl Icahn

Icahn Enterprises Holdings Chairman Carl Icahn

Scott Eells/Bloomberg

Under Icahn Enterprises Holdings LP Chairman Carl Icahn’s plan with Southeastern Asset Management Inc., Dell Inc. shareholders will be able to choose between a $12-a-share cash distribution or $12 in additional shares valued at $1.65 apiece, according to a letter included in a May 10 filing.