- Carl Icahn and Dell (DELL) are due in court today, when the activist investor will ask a judge to fast-track his lawsuit against the company in his battle for control of the firm with Michael Dell.
- Icahn wants to delay a shareholder vote on Michael Dell's and Silver Lake's offer for the company, which is due for September 12, and instead hold an annual meeting first, where he would attempt to install his own candidates as board members and fire the CEO.
- Icahn also wants to force Dell's special committee to reverse its decision not to count abstention votes as no votes. Not including them in the tally is seen as advantageous to the buyout group.
- Yesterday, Dell reported Q2 earnings that topped forecasts but net profit slumped 72% to $204M.
Icahn, Dell set for court showdown
Aug 16 2013, 07:56 ET