Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×
Businesses

Icahn Abandons Bid To Prevent Dell From Going Private 51

Via El Reg comes news that Carl Icahn has, after a brief battle with Michael Dell for control over the company, thrown in the towel. From the article: "Icahn said in an open letter to shareholders that he still thought that Big Mike's $13.88 per share offer for the firm undervalued it, but had decided that it would be 'almost impossible' to win the battle at the shareholder vote on Thursday. 'I realize that some stockholders will be disappointed that we do not fight on,' he wrote. 'However, over the last decade, mainly through "activism," we have enhanced stockholder value in many companies by billions of dollars. We did not accomplish this by waging battles that we thought we would lose.'"
This discussion has been archived. No new comments can be posted.

Icahn Abandons Bid To Prevent Dell From Going Private

Comments Filter:

If in any problem you find yourself doing an immense amount of work, the answer can be obtained by simple inspection.

Working...