According to a press release.
He believes that it would be almost impossible to defeat Michael Dell and Silver Lakes bid for the company.
Carl Icahn offered to former shareholders $ 14 per share plus one warrant for every four shares purchased, which gave the owner the opportunity to buy a Dell shares for $ 20 in seven years. Carl Icahn, along with its partner, Southeastern Asset Management, previously estimated value of the offer to 15:50 to 18 dollars per share.
Michael Dell and Silver Lake in July raised its previous bid, at 13:65 dollars per share, by also offering a special dividend of 00:13 dollars per share. Carl Icahn still opposes the bid, since he believes that it undervalues ??the company. He states that he will seek an independent valuation of the company.
Michael Dell wants its bid to buy out the company from the stock exchange, while Carl Icahn with the public offering was intended to keep the company publicly.
Dell’s share did not move significantly in initial trading on Monday.
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