Somewhere billionaire activist investor Carl Icahn is smiling. Dell’s (DELL) Special Committee today dealt a serious blow to founder Michael Dell’s and Silver Lake’s latest $13.75 per share offer, rejecting the contingency clause not to count abstaining votes.
Two more influential proxy advisory firms said today they will vote for Michael Dell’s and Silver Lake Partners’ $13.65 per share proposal to take Dell (DELL) private, dealing another blow to the counter offer efforts of activist investors led by Carl Icahn and Southeastern Asset Management.
With a July 18 Dell shareholder vote fast approaching on Silver Lake Partners’ and chairman Michael Dell’s $24.4 billion proposal to take the embattled PC maker private, activist investors Carl Icahn and Southeastern Asset Management have named four candidates to helm the company should they prevail in the proxy battle.
With friends like Carl Icahn, who needs enemies? The activist investor has extended his IT playing field from Dell (DELL) to Apple (AAPL), buying a reported $1.5 billion stake in the iPhone and iPad maker and afterward taking to Twitter to prod CEO Tim Cook that the company’s stock is “extremely undervalued.”
Carl Icahn could be on the warpath again, this time with Netflix as his target. Through a number of investment vehicles, Icahn has taken what amounts to a 9.98 percent stake in the subscription video company.
Icahn, of course, is best known as an activist shareholder who advocates for change in companies that he believes are not well run, and as a result, undervalued.