Until now, all proposals of billionaire (Carl Icahn) to create an alternative to repurchase shares of Dell leadership of the company and its supporters among institutional investors were rejected by a special committee. However, this week, activist investor said that he agreed with a major investment bank to allocate an additional $ 1.6 billion, and is ready to provide $ 2 billion of its own funds to ensure the transaction.
In any case, as reported by Bloomberg , it is already another offer. Icahn doubled its stake by buying securities in the amount of $ 1 billion for ally in Southeastern Asset Management. Now it is the second-largest independent shareholder after Dell founder Michael Dell, and in conjunction with the Southeastern they are the holders of 13% of a computer manufacturer.
Icahn in a new initiative offers Dell shareholders vote against the deal with the redemption of the scenario Della ($ 13.65 per share), promising, if elected board of directors loyal to propose to shareholders at the rate of $ 14 per share - only to be redeemed by about 72% of the company . In March, Icahn offered $ 15 a share, but did not plan to buy more than 58% of Dell.
Icahn offers to finance the transaction through cash Dell in the amount of $ 7.5 billion, the company's accounts receivable in the amount of $ 2.9 billion and debt of $ 5.2 billion, with about $ 4.9 billion would have been available as working capital for the company's needs.