- 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.