Icahn Urges Dell Board Committee to Proceed With Vote on Buyout
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Carl Icahn, the activist investor who is trying to derail a $24.4 billion leveraged buyout of Dell Inc., urged the special board committee considering the deal to hold a shareholder vote tomorrow as scheduled.
“We think that –- after six months –- the time for soliciting is over,” Icahn and two Southeastern Asset Management Inc. executives wrote in a letter to the committee that was distributed in a statement. “It’s time to vote. Do not move election day again. This is not a banana republic.”