Icahn nominates himself, 11 others for Dell posts

May 13, 2013

Carl Icahn is nominating himself and 11 other candidates for spots on the Dell Inc. board of directors.

The billionaire investor and Southeastern Asset Management own a combined 13 percent of the 's shares. They want to keep Dell public, and oppose a $24.4 billion offer from an investment group led by company founder and Chairman Michael Dell.

According to a form filed with the , the nominees are Icahn, Matthew Jones, Bernard Lanigan, Jr., Rahul Merchant, Peter van Oppen, Howard Silver and David Willmott, Harry Debes, Rajendra Singh, Gary Meyers, Daniel Ninivaggi, and Jonathan Christodoro to the board.

Ninivaggi is CEO of Icahn Enterprises and Christodoro is managing director of Icahn Capital LP. Van Oppen is a partner at investment firm Trilogy Equity Partners, while Merchant is commissioner of New York City's Department of Information Technology and Telecommunications and chief information and innovation officer. Willmott is president and chief operating officer of yard-care equipment maker Blount International Inc.

An led by Michael Dell offered to take the Round Rock, Texas, company private for $13.65 per share earlier this year. Dell shareholders will vote on the buyout offer in the next few months.

Icahn and Southeastern say they would let shareholders keep their stake in the slumping PC maker so they could benefit from any Dell rebound. Icahn and Southeastern plan to pay for their offer with existing cash from the company and about $5.2 billion in debt.

A special committee of Dell directors said Monday that it wants to hear more details on the Icahn-Southeastern proposal.

Dell shares rose 7 cents to close at $13.52.

Explore further: Taxi app Uber defies ban in Spain

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Dell board committee seeks info on investor plan

May 13, 2013

Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell's $24.4 billion plan to take the computer maker private.

Icahn signs confidentiality agreement with Dell (Update)

Mar 11, 2013

Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, has entered a confidentiality agreement that would give him access to the computer maker's financial ...

Investors challenge Dell takeover plan (Update)

May 10, 2013

Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take the struggling computer maker private.

Report: Icahn backing away from Dell bid

Apr 19, 2013

According to a published report, billionaire investor Carl Icahn is unlikely to follow through on a preliminary offer to acquire Dell, becoming the second suitor to revise views of the company after reports showed a staggering ...

Dell, Icahn agree on a share ownership cap (Update)

Apr 16, 2013

Dell Inc. and Carl Icahn have agreed to cap his stake in the personal computer maker while a special board committee considers competing takeover bids from the billionaire investor, a group led by CEO Michael ...

Major Dell shareholder favors recent buyout offers

Apr 09, 2013

Dell's largest independent shareholder is leaning toward supporting one of the two bidders trying to scuttle the slumping personal computer maker's proposed $24.4 billion sale to a group including CEO Michael Dell.

Recommended for you

Sony's PlayStation 'gradually coming back'

8 hours ago

Sony was still struggling Saturday to fully restore its online PlayStation system, three days after the Christmas day hack that also hit Microsoft's Xbox, reporting that services were "gradually coming back."

Uber broke Indian financial rules: central bank chief

8 hours ago

India's central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment ...

Taxi app Uber defies ban in Spain

Dec 26, 2014

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

Dec 26, 2014

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.