Stock Market & Financial Investment News

News Breaks March 7, 2013 06:13 EDT DELL Dell's board responds to Icahn's leveraged recapitalization request The Special Committee of the Board of Directors of Dell issued the following statement in response to a letter it received from Carl Icahn urging that Dell pursue a leveraged recapitalization and pay a $9.00 per share dividend if the agreed going-private transaction at $13.65 per share, which was announced on February 5, 2013, is voted down by shareholders. "The Special Committee is currently conducting a robust ‘go-shop’ process to determine if there are third parties interested in proposing alternative transactions that could be superior for Dell’s public shareholders to the going-private transaction -- and we welcome Carl Icahn and all other interested parties to participate in that process. Evercore Partners, an independent financial advisor to the Special Committee, is actively soliciting third parties to determine their potential interest and is incentivized to find a superior proposal if one exists. The process will run through March 22, 2013, after which negotiations will continue if a potentially superior proposal emerges. Our goal is to secure the best result for Dell’s public shareholders -- whether that is the announced transaction or an alternative." The Special Committee, consisting of four independent Dell directors, is being advised by independent financial advisors, JP Morgan and Evercore Partners, and an independent legal advisor, Debevoise & Plimpton LLP. News For DELL From The Last 14 Days Check below for free stories on DELL the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 19, 2013 06:39 EDT DELL Southeastern lowers stake in Dell to 4.1% after Icahn sale Southeastern Asset Management confirmed in a regulatory filing that it sold 71.66M shares of Dell at $13.52 to Carl Icahn, which lowered its stake in the computer maker to 4.1%. Southeastern said it also agreed to sell an additional 352.5K shares to Icahn at $13.52 per share. 05:51 EDT DELL Stocks with implied volatility movement; GLD DELL Subscribe for More Information June 18, 2013 17:16 EDT DELL Dell special committee responds to Carl Icahn's latest proposal Subscribe for More Information 16:20 EDT DELL Southeastern says Icahn in best position to lead alternative Dell transaction In a regulatory filing Southeastern Asset Management stated: "Southeastern Asset Management continues to believe that the Michael Dell / Silver Lake management buyout proposal undervalues the company and its prospects going forward. Southeastern and Icahn Associates have been working diligently to provide a better alternative for shareholders.Southeastern has determined that Icahn is in the best position to lead the development of an alternative transaction and to generate a better outcome for shareholders. Southeastern has therefore agreed to sell approximately 72,010,328 shares to Icahn, making Icahn the largest outside shareholder of Dell. Southeastern intends to vote its approximately 72,010,328 remaining shares of Dell stock against the $13.65 Michael Dell / Silver Lake management buyout proposal. Furthermore, Southeastern intends to vote its shares at Dell’s Annual Meeting in favor of the slate of highly qualified director candidates it and Icahn submitted to the Company. Icahn has Southeastern’s full support as it leads the proxy fight in the interest of all shareholders against the undervalued management buyout proposal. Southeastern will continue to participate in the proxy contest with Icahn to defeat the Michael Dell / Silver Lake management buyout proposal." 16:06 EDT DELL Icahn reports 8.68% stake in Dell 12:49 EDT DELL Icahn proposes Dell engage in $14 per share tender offer Subscribe for More Information 12:32 EDT DELL Icahn says bought 72M Dell shares from Southeastern Subscribe for More Information 12:28 EDT DELL Icahn proposes Dell commence tender offer for 1.1B shares at $14 Subscribe for More Information 12:27 EDT DELL Icahn issues letter to Dell holders, proposes $14/share tender offer Subscribe for More Information 09:30 EDT DELL Dell tells holders $13.65/share offer 'superior to any alternative' Subscribe for More Information 07:42 EDT DELL O'Reilly Media to hold a conference Subscribe for More Information June 14, 2013 13:39 EDT DELL Carl Icahn may drop bid for Dell, CNBC says CNBC's David Faber, citing sources, says that Carl Icahn is increasingly likely to drop his bid for Dell. 06:20 EDT DELL Icahn, Southeastern financing for Dell deal delayed, NY Post reports Carl Icahn and Southeastern Asset Management's financing package for its Dell proposal has been delayed as Icahn reworks the deal to address a $3.9B funding gap that Dell’s special committee highlighted last week, New York Post reports, citing sources. Reference Link June 13, 2013 05:54 EDT DELL Stocks with implied volatility movement; DELL SIRI Subscribe for More Information June 11, 2013 07:38 EDT DELL Oracle's Hurd has 'no interest' in taking over as Dell CEO, AllThingsD says Subscribe for More Information June 10, 2013 07:17 EDT DELL Storage Networking Industry Association to host conference Storage Plumbing & Data Engineering Conference is being held in Santa Clara on June 10-12. June 8, 2013 17:25 EDT DELL Icahn, Southeastern prepare list of CEO candidates for Dell, Reuters says Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.