Seeking Alpha

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.
Comments (3)
  • kevinmitchell1212
    , contributor
    Comment (1) | Send Message
     
    insider trading at its finest
    6 Aug 2013, 02:52 AM Reply Like
  • Wilson Wang
    , contributor
    Comments (818) | 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
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