Icahn urges Dell shareholders to seek higher price in court

Billionaire investor Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block Dell founder Michael Dell’s US$24.4 billion (HK$189.3 billion) buyout offer ahead of a key shareholder meeting.

Icahn opposes the proposal from Michael Dell and private equity firm Silver Lake, arguing it undervalues the PC maker, and has put forth a number of alternative options in concert with fellow Dell shareholder Southeastern Asset Management.

via Business feed http://www.scmp.com/business/companies/article/1280188/icahn-urges-dell-shareholders-seek-higher-price-court