Rival Dell Buyout Plans Duke It Out 59
jfruh writes "Michael Dell's plan to take the company he founded private, with help from Microsoft, isn't going smoothly. Corporate raider and major Dell stockholder Carl Icahn has presented a rival plan that would shut Michael Dell out. Perhaps predictably, the Dell board isn't sold on Icahn's idea, saying it will leave the company short of cash, even though they haven't been able to fully evaluate it yet."
Re:Icahn is bluffing (Score:5, Informative)
Exactly. A quick look at his little history (especially with Yahoo a few years back) shows that he's only in it to score some meat from a dying company while the victim is still breathing. Notice that he doesn't really go after healthy, growing companies - only those which show signs of being in serious trouble.
I suspect that if you work for a larger company? A perfect indicator of your corp being in deep kimchi would be the presence of Carl Icahn's active attempts at your company's financials... it's like seeing the Angel of Death, only he's going after the board of directors.
Re:Icahn is bluffing (Score:4, Informative)
Or in this case, Dell buys ITSELF back from stockholders "at large" and gets to decide who plays. So they can run the company without month-to-month dealing with these frivolous stockholder games.