Most Read Technology Reporter For More Than Two Decades

Maureen O'Gara

Subscribe to Maureen O'Gara: eMailAlertsEmail Alerts
Get Maureen O'Gara via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Related Topics: CEOs in Technology


Icahn Hangs Tough on Dell

The Dell BoD said it'll consider Icahn’s request if he drops his proxy fight intentions and his threat of “years of litigation"

Carl Icahn, the billionaire activist investor, has refused to drop his threat of setting off a proxy fight for control of Dell’s board unless the company pays out a whopping big dividend as he originally proposed.

Dell’s board wants him to make a formal bid for the company.

The board’s special committee has already agreed to repay Silver Lake and Blackstone.

It said Friday it would consider Icahn’s request if he dropped his proxy fight intentions and his threat of “years of litigation.”

Icahn told the Wall Street Journal that “No matter how much they are willing to pay to reimburse me I’m not going to give up the right to put in a bid that I think will be compelling to shareholders, even if the board doesn’t like it.”

Icahn has said he’s willing to pay $15 a share for 58% of the company.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.