Carl Icahn, the billionaire activist investor, has refused to drop his threat of
setting off a proxy fight for control of Dell’s board unless the company pays
out a whopping big dividend as he originally proposed.
Dell’s board wants him to make a formal bid for the company.
Before he even thinks about that, he wants Dell to pledge to reimburse his
out-of-pocket expenses for doing due diligence on the company.
The board’s special committee has already agreed to repay Silver Lake and
Blackstone.
It said Friday it would consider Icahn’s request if he dropped his proxy fight
intentions and his threat of “years of litigation.”
Icahn told the Wall Street