Monday, May 13, 2013

Reuters: Technology News: Dell committee seeks information on Icahn offer

Posted by Isabella on 5:52 AM

Reuters: Technology News
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Dell committee seeks information on Icahn offer
May 13th 2013, 12:22

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A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong October October 21, 2009. REUTERS/Bobby Yip

A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong October October 21, 2009.

Credit: Reuters/Bobby Yip

Mon May 13, 2013 7:42am EDT

(Reuters) - 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.

Last week Icahn and Southeastern Asset Management Inc challenged Michael Dell's $24.4 billion bid to take Dell private with an offer of $21 billion in cash.

But in a letter to Icahn, the committee said it was not clear if he intended to make "an actual acquisition proposal that the Board could evaluate" or if he intended his offer as an alternative in the event the pending sale to Silver Lake and Michael Dell is not approved.

(Reporting by Sinead Carew; Editing by Lisa Von Ahn)

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