Icahn in control after Dell ups offer to take company private
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Michael Dell and Silver Lake’s decision to raise the offer to take Dell private is a concession that rival Carl Icahn and affiliate parties may have an upper hand in the wrangling to take over the company, observers of the deal said.
Founder Dell and Silver Lake on Wednesday offered shareholders $ 13.75, an increase from the original offer of $ 13.65 proposed in February, which was met with opposition from Icahn and other institutional investors, who believed the company was being undervalued.