Icahn pulls out of Dell battle - Realtid.se

Carl Icahn and Southeastern Asset Management will not come with more bids to try to prevent a management buyout of the computer manufacturer Dell. Among other things, Michael Dell and Silver Lakes last budhöjning has made it impossible to continue the fight, writes Carl Icahn in an official letter to Dell’s shareholders on Monday announced via twitter.

Introduction Icahn writes that he still believes that the offer made by Michael Dell added along with Silver Lake is far below the real value. His two explanations for this is that the bid by him is 70 per cent below the ten-year average, as well as to prevent existing shareholders from taking advantage of future values.

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Icahn equate Dell Board’s actions with a dictatorship and feel that they ignored his pressure to such an extent that it is pointless to fight it anymore.

Carl Icahn writes that he obviously sad to lose the bidding war to he simultaneously congratulate Michael Dell and Silver Lake to victory, and writes that he’ll call Michael Dell and wish him well (the “he may need”).

“Dell’s board, like many boards in this country, makes me think of Clark Gables last line in the movie “Gone with the Wind”, they do not simply “concludes Icahn letter.

Michael Dell and Silver Lakes last bid is on about $ 25 billion for all shares of Dell.