Icahn Suffers Setback In Dell Case, Stock Rallies – ValueWalk Premium
Carl Icahn

Icahn Suffers Setback In Dell Case, Stock Rallies

Carl Icahn's attempt to push back the shareholder vote on the future of Dell Inc. (NASDAQ:DELL) has been denied fast-track treatment in Delaware’s Court of Chancery. He is claiming that the decision to have shareholders vote on Michael Dell's buyout offer before voting on his own plans for the company amount to coercion, but the judge saw no proof of wrongdoing, Peg Brickley of The Wall Street Journal reports.

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