Icahn acquires larger stake in Dell, proposes new buyout deal

Carl Icahn has acquired a larger stake in Dell and called for a better buyout offer than the proposal of $13.65 per share from Michael Dell and Silver Lake Partners. Icahn has proposed that Dell commence a tender offer for around 1.1 billion shares at $14 per share, with a maximum value of $16 billion. "Our proposal allows those who believe, like us, that the $13.65 price being offered in the Michael Dell/Silver Lake going private transaction significantly undervalues Dell, to continue to hold D...