GO
Loading...

Icahn files lawsuit over latest Dell buyout offer

Getty Images

Activist investor Carl Icahn is suing Dell to prevent the PC maker from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.

Icahn's complaint seeks to prevent the company from setting a new record date for a special meeting at which shareholders will vote on an offer that Dell recently raised.

Dell and the Round Rock, Tx., company agreed months ago on a deal in which Michael Dell will buy the company for $24.4 billion, or $13.65 per share. Dell has since raised that offer to $13.75 per share, and a board committee has proposed changing the record date, which would allow a bigger pool of stock owners to cast ballots.

(Read more: Icahn rips apart Dell's push for deal changes in open)

Dell shareholders are scheduled to vote today on the $13.65-per-share offer.

Symbol
Price
 
Change
%Change
4331
---

Featured

Contact M&A

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More