In this Tuesday, Aug. 21, 2012, photo, the sun is reflected in the exterior of Dell Inc.'s offices in Santa Clara, Calif. Slumping personal computer maker Dell announced Tuesday, Feb. 5, 2013, it is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried up the financing for such risky maneuvers. (AP Photo/Paul Sakuma)
News Summary: Icahn offers Dell buyout alternative
Published: 05:31:35 PM, Thu 07 March 2013 UTC
ANOTHER OPTION: Billionaire investor Carl Icahn has proposed an alternative to Dell Inc.'s plans for a $24.4 billion buyout that would take the PC maker private.
DETAILS: Icahn said the company should offer shareholders a special dividend totaling $9 per share if they reject the buyout offer. If the board declines to promise that, Icahn wants Dell to combine a shareholder buyout vote with its annual meeting to elect new directors.
THE BUYOUT: Founder and CEO Michael Dell, backed by other investors led by investment firm Silver Lake, has offered to buy the company for $13.65 per share.
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