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Icahn Says He'll Boost Bid for Dell on Friday: Report

Thursday, 11 Jul 2013 | 4:50 PM ET
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Billionaire investor Carl Icahn, speaking on Bloomberg TV on Thursday, said that he will be increasing his bid for Dell Friday morning.

Icahn said he is looking at adding warrants to his $14 a share bid for 72 percent of Dell.

For that bid to be put to a vote, shareholders must reject the founder's proposal and then elect a new slate of directors put up by Icahn.

CEO Michael Dell and Silver Lake Partners have offered to take the company private in a $24.4 billion leveraged buyout.

Dell shareholders are scheduled to vote on the buyout offer proposed by Michael Dell and Silver Lake on July 18.

Read the full report from Bloomberg News here.

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