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Submission + - Dell Signs Agreement To Cap Icahn's Share Ownership (itworld.com)

itwbennett writes: As previously reported on Slashdot, activist investor Carl Icahn made a proposal to buy Dell for $15 per share. Now, as part of the review process of potential offers to take Dell private, the company's board of directors has approved an agreement with Icahn that would cap the amount of shares owned by the activist investor. Under the agreement, Icahn and affiliated entities 'have agreed not to make purchases that would cause them to own more than 10 percent of Dell's shares,' Dell said in a statement. Also as part of the agreement, Icahn has agreed not to enter into agreements with other shareholders to jointly own more than 15 percent of Dell's shares.
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Dell Signs Agreement To Cap Icahn's Share Ownership

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