Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Carl Icahn Officially Closes His Position in Dell

As he stated he would earlier this month, billionaire Carl Icahn closed his entire position in Dell Inc. (NASDAQ:DELL), a new filing with the SEC has revealed. After accepting defeat in the “battle” against Michael Dell and private equity company Silver Lake, Icahn sold out his 8.9% position, which contained around 156.5 million shares. Icahn received $13.75 in cash per share, the filing stated.

Carl Icahn - Icahn Capital Lp

At the beginning of September, Mr. Icahn issued an open letter to Dell’s stockholders in which he stated that Michael Dell and Silver Lake’s offer to take the company private undervalues Dell through paying a price that is 70% lower than its ten-year high, and also because “the bid freezes stockholders out of any possibility of realizing Dell’s great potential.”

“The Dell board, like so many boards in this country, reminds me of Clark Gable’s last words in “Gone with the Wind,” they simply “don’t give a damn,” Carl Icahn also remarked.

Disclosure: none

Recommended Reading:

Jeff Ubben, ValueAct Unload More Shares of Adobe Systems

Phil Frohlich and Prescott Group Increase Stake in China Marine Food Group Again

Becker Drapkin Management Increases Stake in Emcore to 8.6%