Carl Icahn (stake capped at 10%) is partnering with Southeastern Asset (8.4% stake) to wage a...

|By:, SA News Editor

Carl Icahn (stake capped at 10%) is partnering with Southeastern Asset (8.4% stake) to wage a proxy battle to acquire Dell (DELL), CNBC reports. Icahn and Southeastern will reportedly offer $12/share in cash, and finance the rest of the deal with debt. No details yet on what the exact premium will be relative to Silver Lake and Michael Dell's $13.65/share LBO offer. (Dell/Icahn agreement: I, II)