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Dell says Icahn opposes go-private deal

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File photograph of Investor Carl Icahn speaking at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange
© Chip East / Reuters
Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange in this June 27, 2007 file photograph. REUTERS/Chip East/Files
updated 3/7/2013 6:26:01 AM ET 2013-03-07T11:26:01

(Reuters) - Dell Inc said shareholder Carl Icahn has urged the company to pursue a leveraged recapitalization and pay a $9 per share dividend instead of going private.

Dell founder and CEO Michael Dell has struck a deal to take the No. 3 personal computer maker private in a $24.4 billion deal that is being opposed by some of the company's major shareholders.

Dell said it would welcome Icahn to join a "go-shop" process announced on Wednesday.

Icahn, known for shaking up management in the companies in which he invests, has accumulated about 6 percent of Dell's shares, CNBC reported on Wednesday, citing sources.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Supriya Kurane)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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  1. File photograph of Investor Carl Icahn speaking at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange
    © Chip East / Reuters
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