Activist investor Carl Icahn has devised an alternative plan for the future of Dell Inc., and he has told Dell’s board he plans to nominate a slate of new directors to help implement changes in the way the company is run.
Icahn, who has invested heavily in Dell stock in recent months, has teamed with a disgruntled Dell investor, Memphis-based Southeastern Asset Management, on a plan that would pay existing Dell shareholders $12 per share in cash or give an equivalent payment in new Dell stock valued at $1.65 a share.
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