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Icahn Adds Perk to Dell Offer in Latest Buyout Challenge

Billionaire Carl Icahn made a 11th-hour effort to derail Michael Dell’s $24.4 billion buyout bid for Dell Inc., offering shareholders a chance to own a bigger stake in the personal-computer maker.

Shareholders vote July 18 at Dell’s Round Rock, Texas, headquarters on the $13.65-a-share offer by Dell and Silver Lake Management LLC. Icahn, who holds 8.7 percent of Dell, is adding a warrant to his $14-a-share rival proposal that holders could exchange for additional stock, he said yesterday.