The Special Committee of the Board of Dell Inc. announced it has been informed that the group led by Blackstone has decided not to submit a definitive proposal to acquire the Company and is withdrawing from the process.
Icahn and affiliated entities have agreed not to take ownership of more than 10% of Dell's shares or enter into agreements with other shareholders who, together would collectively own in excess of 15% of Dell’s shares.
The Special Committee of the Board of Directors of Dell Inc. sent a letter to Carl Icahn addressing his request for expense reimbursement in connection with the alternative transaction he has proposed to the definitive merger agreement.
Dell Inc. has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the definitive merger agreement between the company and Michael Dell and investment funds affiliated with Silver Lake Partners.
The Special Committee of the Board of Dell Inc. announced that the “go-shop” period provided for in the merger agreement between the company and Michael Dell with Silver Lake Partners, has elicited two alternative acquisition proposals.