Icahn gives up: Full letter to Dell shareholders

Carl Icahn
David Grogan | CNBC

Here's the full text of the letter Carl Icahn sent to Dell shareholders, explaining that he has given up his efforts to block the company's decision to go private.

Dear Fellow Dell Inc. Stockholders:

I continue to believe that the price being paid by Michael Dell/Silver Lake to purchase our company greatly undervalues it, among other things, because:

1. Dell is paying a price approximately 70% below its ten-year high of $42.38; and

2. The bid freezes stockholders out of any possibility of realizing Dell's great potential.

Related Tags