Dell Inc's special board committee asked activist investor Carl Icahn on Monday for details of his plan to purchase the computer maker, including how he would finance a cash payout for shareholders and who would run the company if his preferred slate of board directors was installed.Last week, Icahn and Southeastern Asset Management Inc offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. And the billionaire investor warned he would put up his own roster of candidates for the board if shareholders greenlit the company founder's offer.Icahn's plan assumes that only as much as 80 percent of the company's shareholding will opt for a cash payout, translating into a maximum outlay of $16.8 billion.Michael Dell, major shareholders such as Southeastern and Icahn are waging a battle over the future of the world's third largest personal computer maker, once a tech-industry high flyer, but now struggling to evolve as people embrace smartphones and tablet computers.
Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL traded higher by 0.52% or $0.07/share to $13.52. In the past year, the shares have traded as low as $8.69 and as high as $16.61. On average, 32552600 shares of DELL exchange hands on a given day and today's volume is recorded at 33488588.
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