Deals
Dell’s Crafted LBO Pitch Gets Messy as Carl Icahn Circles
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Michael Dell’s $24.4 billion deal for Dell Inc., carefully crafted over six months, has gotten much more complicated.
Billionaire Carl Icahn has amassed a stake in Dell and is pushing the company to pay a $9 a share special dividend, according to a statement today. Dell’s board, seeking bids higher than last month’s offer from CEO Dell and Silver Lake Management LLC, has also attracted interest from Blackstone Group LP and rival computer makers Hewlett-Packard Co. and Lenovo Group Ltd., said people familiar with the matter, who asked not to be identified because the discussions are private.