Icahn signs confidentiality agreement with Dell

Icahn signs confidentiality agreement with Dell

Icahn signs confidentiality agreement with Dell

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by Associated Press

WCNC.com

Posted on March 11, 2013 at 9:31 AM

Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, is entering into a confidentiality agreement that would give him access to the computer maker's financial records.

Michael Dell is planning a $24.4 billion buyout to take the Round Rock, Texas, company private. But Icahn and other investors say the price of $13.65 per share is too low.

Icahn wants the company to pay a special dividend of $9 per share if shareholders reject this offer. He is also offering to provide the loans that would help fund the dividend payment.

Icahn's company, Icahn Enterprises, says it holds a substantial stake in the company.Dell sharea are up 10 cents at $14.26 in premarket trading.

 

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