Michael Dell
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Stocks accelerated their selloff in the final hour of trading to end near session lows Wednesday, after the Federal Reserve said it will maintain its bond-buying program, though Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year.
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Carl Icahn, who has a reputation for demanding changes after amassing stakes in companies, argued in a letter to Dell's board last week that the proposed $24.4 billion buyout of Dell by co-founder Michael Dell and Silver Lake Partners short-changed shareholders, undervalued the company and benefited mainly the company's co-founder.
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*S&P 500 at highest intraday level since October 2007. NEW YORK, March 11- Wall Street inched higher on Monday as earlier weakness prompted some buying and investors pushed the S&P 500 to its highest intraday level since October 2007.
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March 7- Activist investor Carl Icahn is demanding Dell Inc pay out $15.7 billion in special dividends, joining a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private.
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March 7- Activist investor Carl Icahn urged Dell Inc to pay out $15.7 billion in a special dividend, joining a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private. Anthony Michael Sabino, a professor in the law department at St. John's University's Peter J. Tobin College of Business.
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March 7- Dell Chief Executive Michael Dell has partnered with private equity house Silver Lake and Microsoft Corp in a $24.4 billion deal to buy the world's No. 3 personal computer maker, which he founded in a college dorm room in 1984. Dell has offered $13.65 a share to take the company private in what would be the biggest leveraged buyout since the financial crisis.
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NEW YORK, March 7- Wall Street was set to start higher on Thursday as investors attempt to push the rally further after the latest economic data suggested a pick-up in the labor market recovery.
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March 7- Dell Inc shareholder Carl Icahn proposed the No. 3 personal computer maker pay out $15.7 billion in a special dividend, becoming the second major investor to oppose a plan by founder Michael Dell to take the company private.
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CNBC's David Faber discusses the latest developments in Dell's attempt to go private, while activist investor Carl Icahn has let it be known he wants the company to conduct a leveraged recapitalization.
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March 7- Dell Inc said shareholder Carl Icahn has urged the company to pursue a leveraged recapitalization and pay a $9 per share dividend instead of going private. Dell founder and CEO Michael Dell has struck a deal to take the No. 3 personal computer maker private in a $24.4 billion deal that is being opposed by some of the company's major shareholders.
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March 7- Dell Inc said shareholder Carl Icahn has urged the company to pursue a leveraged recapitalization and pay a $9 per share dividend instead of going private. Dell founder and CEO Michael Dell has struck a deal to take the No. 3 personal computer maker private in a $24.4 billion deal that is being opposed by some of the company's major shareholders.
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*Founder Michael Dell offering $13.65/ share. March 6- Activist investor Carl Icahn has built a stake that was likely around 100 million shares in Dell Inc and wants the personal computer maker to conduct a leveraged recapitalization, complicating founder Michael Dell's effort to take the company private, CNBC reported.
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Carl Icahn has likely amassed a Dell position that may approach 100 million shares, reports CNBC's David Faber.
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*Founder Michael Dell offering $13.65/ share. The committee, which had been analyzing Dell's situation for more than five months, said in a statement on Wednesday that it had "negotiated aggressively" to ensure shareholders got the best possible value in agreeing to founder Michael Dell's $13.65 per share offer to take the company private.
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March 6- A special committee of Dell Inc's board of directors said on Wednesday after a months-long evaluation that the best alternative for shareholders would be a sale of the PC maker.
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"Generally speaking, leveraged buyouts are giant case of inside trading by management against their shareholders," said Leon Cooperman, Omega Advisors chairman & CEO, sharing his views on Dell's attempt to go private.
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March 5- Dell Inc's largest external shareholder is demanding that the PC maker open its books, signaling it could become more active in opposing founder Michael Dell's proposal to take the company private for more than $24 billion.
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Howard Marks, co-founder and chairman of Los Angeles- based Oaktree Capital, told a conference that investors, in their search for returns, were becoming overly confident while the economic background was still gloomy. Silver Lake partnered with technology billionaire Michael Dell to take his eponymous personal computer maker private for $24.4 billion.
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March 5- Dell Inc's largest outside shareholder is demanding the PC maker open its books, signaling that it could become more active in opposing founder Michael Dell's proposal to take the company private.
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March 5- Dell Inc's largest outside shareholder is demanding the PC maker open its books, signaling that it could become more active in opposing founder Michael Dell's proposal to take the company private.
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This asset manager says he's met with three new clients with over $1 million each but the "shock and awe" of 2008 still looms large in their psyche.
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