Talk of Icahn HP stake untrue, say sources

Friday, 2 Aug 2013 | 2:17 PM ET
Carl Icahn
David Grogan | CNBC
Carl Icahn

Billionaire investor Carl Icahn does not own shares in Hewlett-Packard, sources told CNBC, despite chatter to the contrary that has helped boost the computer maker's stock 4 percent today.

Shares gave up about half their gains after the rumor was dispelled.

Icahn has been fighting to block Michael Dell from buying back the company he founded.

Dell reaches new deal
Dell's special committee has reached a deal with Michael Dell and Silver Lake Partners, reports David Faber, with details of the new deal.

Earlier Friday, Dell's special committee approved an increased buyout price from Michael Dell and Silver Lake Partners: $13.75 a share plus a 13 cent dividend and a dividend of 8 cents in the third quarter.

(Read More: Dell sets buyout deal with Michael Dell)

Dell's shares have spiked by more than 5 percent since word of the agreement surfaced.

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