CNBC: Icahn Buys 100 Million Shares of Dell
Mar 6th 2013 4:21PM
Updated Mar 6th 2013 4:24PM
Citing unnamed "trading sources," CNBC reported this afternoon that activist investor Carl Icahn -- who has been in the news quite a bit recently for his feud with Herbalife short Bill Ackman -- has amassed an ownership stake in computer giant Dell . Buying close to 100 million shares of the stock, the report suggests that the legendary Wall Street financier could now own around 6% of the company.
Closing 1.8% higher after trading at a slight loss for most of the day, Dell has been the subject of much recent speculation regarding its future as a company. The PC maker already agreed in February to be taken private at the hands of its own founder and CEO, Michael Dell, for $13.65 per share. Today's closing price of $14.32 indicates that shareholders believe they can get a sweeter deal; reportedly, Icahn's preference is that the company leverages itself highly, and pays out a massive one-time dividend. The dividend sought by Icahn may even be as high as $9 per share.
The article CNBC: Icahn Buys 100 Million Shares of Dell originally appeared on Fool.com.Fool contributor John Divine has no position in any stocks mentioned. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine . The Motley Fool has the following options: Long Jan 2014 $50 Calls on Herbalife Ltd.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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