Icahn buys 4M extra shares in Dell

Carl Icahn bought 4M more Dell (DELL) shares last week, taking his total holding to 156.5M shares and his stake to 8.9% from 8.7%.

Icahn, who is battling Michael Dell and Silver Lake for control of the company, bought the stock the same day he filed a lawsuit seeking to block a a possible change to the shareholder date of record.

A day later, the buyout group sweetened their offer to $13.75 a share plus a $0.13 special dividend, and pledged that the quarterly $0.08 dividend would be paid. In return, Dell's special committee pushed back the date of record to August 13.

Icahn bought the shares at $12.94 each, meaning he'd make a profit on the transaction if Michael Dell's and Silver Lake's new bid is accepted.

From other sites
Comments (3)
  • kevinmitchell1212
    , contributor
    Comment (1) | Send Message
    insider trading at its finest
    6 Aug 2013, 02:52 AM Reply Like
  • HFI
    , contributor
    Comments (1830) | Send Message
    Carl Icahn, if he loses he still makes a crap load money.
    6 Aug 2013, 03:49 AM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
    Thats how to make $37M extra in a few days. Well done Uncle Carl!!
    6 Aug 2013, 07:45 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs