Billionaire investor Carl icahn's proposal, dell shareholders a chance to have a bigger stake in the struggle of computer manufacturers, hoping to defeat an attempt by the company's founder to buy it for $24.4 billion, and make it private.
Now, who owns a nearly 9% stake in the dell, icahn wants shareholders receive warrants, except that he had recommended that shareholders in cash.
Icahn has proposed to $14 a share, dell "tender", 110 million shares of company stock. His revised proposals will be every four strands of a warrant. Warrants will give shareholders shall have the right to buy a dell's shares for $20, seven years in the future. Since September 2008, dell's share price more than 20 yuan no trading.
In a letter to shareholders, icahn attaches great importance to his opposition to about 15.50 $18 a share.
Meanwhile, Michael Dell, Michael Dell and Silver Lake Partners has been $13.65 per share to buy the whole company. Shareholders a vote on proposed on Thursday at a conference.
But Mr. Icahn believes that Michael dell offer undervalued the company asked the judge to assess the fair earlier this week.
Activist investors various alternatives have been proposed, in order to keep the company's publicly traded, but did not dislodge the board support and Michael Dell, Michael Dell and deal with the Silver Lake. And more importantly, dell's board of directors, said more than 70 potential buyers to contact the representative, failed to find any willing to bet more than $24.4 billion.
In late Friday statement, special committee by the board of directors of the company, responsible for overseeing the company's sales, said icahn review the advantages of the latest quotation. Now, the committee has also suggested that shareholders accept the offer, from Michael Dell, Michael Dell and Silver Lake.
"We have been and still willing to meet with Mr Icahn or talk about his various proposals, including the meeting scheduled earlier in the week, he asked, then canceled," the board said.
Based in Round Rock, Texas, dell has been fall in difficult times, as more and more consumers and businesses buy smartphones and tablet computers, rather than a laptop and desktop computers.
Michael dell bet, he will be able to recover he founded in 1984 by cutting costs to the company, clean up sales team, and spread to more profitable niche technology, such as commercial software, data storage, analysis and consulting services. These changes are likely to reduce dell's profit, the main reason, Michael dell project hope away from Wall Street's financial pressure.
Dell shares fell 3 cents, closing at $13.32 on Friday.



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