IBTimes Australia : Carl Icahn Topic

Dell Profits Plunge on Lower PC Sales

Fri, 17 May 2013 14:58:34 +1000

Net profit declines 79% to $130m amid investors' battle to takeover the company.

Wall Street slips after Fed comments, but Cisco surges

Fri, 17 May 2013 07:49:03 +1000

Stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.

Dell's profit dives as billionaire battle rages on

Fri, 17 May 2013 06:42:02 +1000

Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.

Dell's profit slides 79 percent as it seeks to go private

Fri, 17 May 2013 06:21:02 +1000

Highfields, other funds dove into Dell fray in first quarter

Thu, 16 May 2013 08:07:03 +1000

Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell Inc in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private.

Dell to report earnings 5 days early, on May 16

Wed, 15 May 2013 04:35:04 +1000

Dell Inc , mired in a battle between activist investor Carl Icahn and co-founder Michael Dell over its future, said it will report quarterly results on Thursday, May 16, five days ahead of schedule.

Icahn, Southeastern reveal board nominees as Dell seeks more info

Tue, 14 May 2013 07:49:01 +1000

Dell Inc's special board committee on Monday asked activist investor Carl Icahn for details of his plan to buy the computer maker, including how he would finance a cash payout to shareholders and who would run the company if his preferred slate of board directors was installed.

Dell committee seeks more info from Icahn, Southeastern

Tue, 14 May 2013 03:28:02 +1000

Dell Inc's special board committee asked activist investor Carl Icahn on Monday for details of his plan to buy 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.

Dell committee seeks information on Icahn offer

Mon, 13 May 2013 22:35:02 +1000

The special committee of Dell Inc's board on Monday asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company.

Dell committee asks Icahn for more information

Mon, 13 May 2013 21:49:01 +1000

The special committee of Dell Inc's board of directors on Monday asked Carl Icahn for more details on the activist investor's proposed offer for the computer maker.

Icahn, Southeastern mount challenge to Dell buyout

Sat, 11 May 2013 03:49:02 +1000

Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a $24.4 billion buyout led by founder Michael Dell that will take private the world's No. 3 PC maker.

Icahn, Southeastern offer alternative to Dell buyout

Fri, 10 May 2013 23:56:02 +1000

Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell.

Carl Icahn and Southeastern Propose Rival Bid for Dell

Fri, 10 May 2013 16:41:14 +1000

Icahn and Southeastern, who were opposing the $24.4bn deal for Dell, come up alternative offer.

Icahn, Southeastern propose alternative to Dell buyout deal: WSJ

Fri, 10 May 2013 15:00:04 +1000

Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's largest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell, the Wall Street Journal reported.

Icahn ups stake in Nuance to 10.72 percent from 9.27 percent: filing

Wed, 01 May 2013 09:35:03 +1000

Billionaire investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc from 9.27 percent to 10.72 percent, a filing with the Securities and Exchange Commission showed on Tuesday.

Dell investors may still gain after Blackstone pullout: Barron's

Mon, 29 Apr 2013 03:00:06 +1000

Dell shareholders could still stand to profit even after Blackstone Group LP withdrew its bid to buy the world's No. 3 personal computer maker more than a week ago, Barron's said on Sunday.

Blackstone Pulls Out of Race for Dell Acquisition

Wed, 24 Apr 2013 09:42:52 +1000

While the game is getting harder, Blackstone Group is rumored to have pulled out of a race for a Dell acquisition. Certainly, the good news on the matter has cheered up the remaining participants of the aggressive and ruthless bidding for iconic Dell Inc.

Dell shares at two month low after Blackstone pulls out

Sat, 20 Apr 2013 08:35:02 +1000

Shares in Dell Inc dived to a 2-month low on Friday after Blackstone Group LP withdrew from a three-way battle to buy out the company, citing a crumbling personal computer market that has reduced financial forecasts at the world's No. 3 PC maker.

Dell shares at two-month low after Blackstone pulls out

Sat, 20 Apr 2013 04:14:02 +1000

Dell Inc shares slid to a two-month low on Friday after private equity firm Blackstone Group LP withdrew its buyout bid, blaming a crumbling PC market for reduced financial forecasts at the world's No. 3 PC maker.

Blackstone Group Withdraws $25bn Dell Buyout Bid

Fri, 19 Apr 2013 20:35:36 +1000

Blackstone Group has abandoned its $25bn bid to take over the Dell computer company.

Blackstone ends pursuit of Dell Inc: sources

Fri, 19 Apr 2013 12:42:03 +1000

Blackstone Group LP has ended its pursuit of Dell Inc , two sources familiar with the matter told Reuters, paving the way for private equity house Silver Lake and company founder Michael Dell to buy out the world's No. 3 PC maker.

In Dell deal, curbing one skewed incentive creates another

Wed, 17 Apr 2013 06:07:02 +1000

Dell Inc's board is bending over backward to prevent any appearance of conflicts of interest as founder and Chief Executive Michael Dell tries to lead a buyout of the world's No. 3 PC maker.

Dell and Icahn Agree Share Buying Cap as Takeover Options Considered

Wed, 17 Apr 2013 02:26:53 +1000

Activist investor Carl Icahn has agreed to have his ownership in Dell limited to 10 percent while the company considers its options.

Icahn agrees to limit Dell stake, can team up on bid

Tue, 16 Apr 2013 23:14:03 +1000

Billionaire investor Carl Icahn has agreed to limit his investment in Dell Inc and in return can team up with other shareholders on a potential bid for the personal computer maker, Dell said on Tuesday.

Dell reaches deal with activist investor Icahn

Tue, 16 Apr 2013 22:35:03 +1000

Dell Inc said it struck a deal with billionaire Carl Icahn to limit his investment in the company, while in return allowing him to enter agreements with other shareholders on a potential bid for the PC maker.

Ex-KPMG auditor freed on $150,000 bond in tips-for-cash scheme

Fri, 12 Apr 2013 10:49:02 +1000

As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move.

Dell's evaluation of buyout bid flawed: shareholder

Wed, 10 Apr 2013 01:35:03 +1000

Southeastern Asset Management, the activist investor that owns 8.4 percent of Dell Inc, said on Tuesday the computer maker's evaluation of a $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake was flawed.

Herbalife auditor KPMG to resign amid info leak: NYT

Wed, 10 Apr 2013 01:21:03 +1000

KPMG will resign as the auditor of Herbalife Ltd after a KPMG partner was fired for leaking nonpublic information on companies the firm audited, the New York Times reported on Tuesday, citing an unnamed source.

Dell shareholder attacks company's analysis

Wed, 10 Apr 2013 01:21:03 +1000

Southeastern Asset Management, the activist investor that owns 8.4 percent of Dell Inc, said on Tuesday that the computer maker's evaluation of a $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake was flawed.

Icahn refuses to drop proxy fight option: WSJ

Sun, 07 Apr 2013 02:21:02 +1000

Billionaire investor Carl Icahn is refusing to drop the option of a proxy fight to force Dell Inc to pay a big dividend, in spite of the board committee's request that he drop his threats and launch a formal bid for the company, the Wall Street Journal reported.