Tuesday, April 16, 2013

Dell, Icahn Agree On Ownership Cap

Round Rock-based Dell and Carl Icahn said today that the two have hammered out an agreement which will limit Icahn's ownership stake in the firm, in exchange for providing Icahn a chance at the company. According to Dell, Icahn and his affiliated entities have agreed not to make purchases which will cause them to own more than 10% of Dell's shares, and that they will not team with other shareholders to own more than 15% of its shares. Icahn leads one of the groups looking to keep Dell public.