The two biggest opponents to the proposed management buyout of Dell Inc. have formally begun a proxy fight against the deal, which is scheduled to be decided in a special shareholder’s meeting July 18 in Round Rock.
Activist investor Carl Icahn and Southeastern Asset Management Inc., Dell’s largest outside shareholder, joined forces to ask shareholders to vote against the $24.4 billion buyout offer made by company founder and CEO Michael Dell and Silver Lake Partners and recommended by the Dell board of directors.
The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers