On early from West Coast for Dell drama.
SAN FRANCISCO, July 17 (Reuters) – Dell Inc
shareholders face a critical decision – whether or not to
approve founder Michael Dell’s proposal to take the personal
computer maker private at $13.65 a share.
The special shareholders’ vote is now too close to call,
with activist investor Carl Icahn and major shareholder
Southeastern Asset Management repeatedly arguing that the offer
undervalues the company and its growth prospects.
SAN FRANCISCO/NEW YORK, July 15 (Reuters) – Hewlett-Packard
Co on Monday appointed three big-name directors,
including former Microsoft Corp software chief Raymond
Ozzie and former McDonald’s Corp Chief Executive James
Skinner, as the struggling PC maker searches for a chairman and
addresses top-level stumbles of past years.
The PC maker, which has been trying to strengthen its board
after years of leadership calamities, also named Robert Bennett,
former CEO of Liberty Media Corp and said it will
continue searching for more directors. It is also looking for a
permanent nonexecutive chairman to succeed Ralph Whitworth, who
holds the position on an interim basis.
NTSB: a summer intern acted outside the scope of his authority when he erroneously confirmed the names of the flight crew
(Reuters) – Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their takeover bid for Dell Inc on Friday, adding warrants they said would increase the offer to a range of $15.50 to $18.00 per share from $14.00.
The move is Icahn’s latest effort to block a $24.4 billion buyout offer, of $13.65 per share, from company founder Michael Dell and private equity firm Silver Lake.