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Carl Icahn Walks Us Through His Offer to Acquire Dell
Posted by: Canadian Value (IP Logged)
Date: May 10, 2013 05:10PM


Icahn thinks that the Michael Dell offer for Dell (DELL) that the board of directors has approved is a great giveaway. Instead he and Southeastern Asset Management are proposing a leveraged recapitalization.

Icahn's offer involves shareholders getting $12.65 per share in cash and a share in the recapitalized Dell which will earn $0.89 in the first year (according to Icahn).

If you put a 10 multiple on that $0.89 the recapitalized Dell could trade for over $8.

In the interview below Icahn discusses the Dell takeover, Herbalife and Jim Chanos who has a short position in Dell.




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Re Carl Icahn Walks Us Through His Offer to Acquire Dell
Posted by: kfh227 (IP Logged)
Date: May 11, 2013 08:50PM

I wish they asked him about the recent BBRY rumors that say he is accumulating.


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