Acquisition Latest News: Carl Icahn Plays New Card In Dell Buyout Battle

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Acquisition Latest News: Carl Icahn Plays New Card In Dell Buyout Battle

by Wochit 1:10 mins

Acquisition Latest News: Carl Icahn Plays New Card In Dell Buyout Battle

by Wochit 1:10 mins

Carl Icahn played a new card in his quest to wrest control of computer maker Dell from its founding CEO. Two days after Institutional Shareholder Services and two other proxy advisory firms endorsed a $24.4 billion leveraged buyout proposed by Michael Dell and the private equity firm Silver Lake, Icahn today urged shareholders to invoke a provision of Delaware that allows them to have second thoughts up to 60 days after the buyout has taken place. Kroger Co said it would buy regional grocer Harris Teeter Supermarkets Inc in a $2.5 billion deal, the latest in a string of grocery industry consolidations. As expected, Sprint has completed its acquisition of Clearwire for $5 per share. The company announced the news, saying that it now owns 100 percent of Clearwire. Sprint previously owned about 50 percent of the wireless company.

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