With Carl Icahn initially buyout up to a 6 percent stake in Dell with later on Blackstone group counteroffered to buy the company, and Dell Special Committee of the Board had confirmed that the two alternative acquisition proposals have been submitted during the “go-shop” period, Dell today finally entered into an agreement with Icahn.
The company’s board of directors today announced that they approved an agreement with Carl Icahn. The agreement says “Mr. Icahn and affiliated entities have agreed not to make purchases that would cause them to own more than 10% of Dell’s shares or enter into agreements with other shareholders who, together with the Icahn entities, would collectively own in excess of 15% of Dell’s shares.”
