Billionaire Carl Icahn has announced that he has ended his efforts to take over control of Dell, leaving the way for Michael Dell's plans to take the PC maker private to go forward.
In a new interview, Dell founder and CEO Michael Dell says he will still like to stay with the PC company he created even if his plan to take the business private fails in an upcoming shareholder vote
Dell has postponed its shareholder vote on going private again, this time to August 2nd, but this time they will have a slightly better share offer from Michael Dell to consider.
PC maker Dell has delayed a planned vote by its shareholders on a proposal to take the company private until July 24th, with reports that the current proposal did not have enough votes.
Billionaire Carl Icahn says he would like to merge the PC businesses of HP and Dell if his efforts to take over Dell is successful. He also claims that the PC industry is "going downhill."
Dell's previously announced plans to take itself private may soon be slowed thanks to two preliminary buyout offers, one from Blackstone Group and the other from billionaire Carl Icahn.
Billionaire Carl Icahn is rumored to be buying a six percent share of PC maker Dell, most likely as a way to stop Dell's leverage buyout plans that would take it back to being a private company.