Icahn, who opposes a plan to take the company private proposed by company founder Michael Dell and Silver Lake Partners, said he’ll augment his $14-a-share offer with a warrant — an options – like security issued by the company — that shareholders could use to acquire additional stock should Dell shares climb to “around $20.
He promises to make dell roll on world and be profitable at the same time.
Icahn, who owns 8.7 percent of Dell stock and always been in news for his new and innovative ideas argues that the privatization plan undervalues the company and proposed last month that Dell buy back 1.1 billion shares at $14 per share. Although later he surprised the audience by announcing that he had secured $5.2 billion in loans from several banks and institutional investors to finance his Dell buyout proposal.
The privatization proposal won the endorsement of Institutional Shareholders Services, an influential firm that advises public company shareholders on proxy voting and corporate governance. Dell shareholders are expected to vote on Michael Dell’s $24.4 billion proposal next week.
Little information on the issue have been out but CNET promises to keep the fans well updated by adding more content as early as possible.