(Reuters) - Activist investor Carl Icahn sued https://ift.tt/2PBaQ16 Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock. Icahn, who owns 9.3 percent of Dell, called the proposed deal a "conflicted transaction that benefits the controlling stockholders, at the expense of the DVMT stockholders". Dell said in July it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc, returning it to the stock market without an initial public offering.
from Latest News Business on Firstpost https://ift.tt/2EYUQCh
Friday, 2 November 2018
Activist investor Icahn sues Dell over IPO plans
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment