Carl Icahn Contests Michael Dell’s Proposed Voting Change

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Mani
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Activist investor Carl Icahn urged special committee of Dell Inc. (NASDAQ:DELL)’s board not to change a key rule in Friday’s shareholder vote. Billionaire investor contested Michael Dell’s proposal to modify the rules that non-votes would no longer be counted as no vote that oppose the transaction. Michael Dell’s revised offer Earlier, Dell Inc. (NASDAQ:DELL) postponed a shareholder meeting scheduled for July 18 to July 24 to vote on Michael Dell’s $24.4 billion buyout plan, with an eye on soliciting more proxy votes. Last week, Michael Dell along with his partner Silver Lake raised their buyout offer by 10 cents to…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports