Dell's Special Committee tells Icahn to complete bid or no more information would be given to him and Southeastern Asset Management.
Tags: Southeastern Asset Management
Texas Industries working with Citigroup on possible exit
Investors Southeastern Asset Management and NNS Holding have been looking to divest their stakes in Texas Industries Inc. Cement producer Texas Industries is said to be working with Citigroup on a possible sale.
CORRECTION: Southeastern Asset stake in News Corp "fishy" - analysts
Analysts had said that Southeastern Asset Management's purchase of a 12% voting stake in News Corp was dubious.
CORRECTION: Southeastern Asset Management purchases shareholdings in News Corp
The buyout firm is now the second largest shareholder in News Corp after mogul Rupert Murdoch. CORRECTED: Reference of Southeastern Asset Management as a hedge fund when it is a global investment management firm.
Dell’s founder says LBO vote method is unfair
Michael Dell said yesterday that there will be no more increase in the buyout offer he and Silver Lake has for Dell Inc.
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Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
Icahn and Southeastern Asset Management sent a letter to indicate interest in bidding for the world's third largest PC maker.
Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.
Southeastern Asset Management has formally filed notice for Dell to open its books for review. (Photo : Reuters) The image is Michael Dell making a presentation to shareholders.
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