Icahn contests condition in latest Dell offer

Billionaire investor Carl Icahn is warning that the latest offer from Dell’s founder to buy the struggling computer maker bypasses an important shareholder safeguard. Icahn and the investment firm Southeastern Asset Management said in a letter to a special committee of Dell Inc. board members that Michael Dell wants to circumvent the voting process behind the deal by preventing stockholders from passively dissenting on the offer. Icahn and Southeastern are major Dell shareholders who have been l...

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