Dell's board of directors is pressing investor and activist Carl Icahn for further details on his proposed buyout of the company.
Dell's board of directors has provided Icahn with a letter asking to further disclose the specifics of what would be a buyout bid from Icahn and Southeastern asset management. The letter is said to ask for additional details before the company can go forward with any serious consideration of the Southeastern bid.
The letter is the second response from Dell to the buyout bid floated by Icahn. The company had previously suggested that Icahn has his figures wrong, in a bid that would save Dell from going private.
Dell has maintained for a long time that the Southeastern proposal is too vague and would require further information before the company's board of directors would consider the offer.
Icahn has come out as the primary opponent of Dell's bid to remove itself from the stock market ahead of an expected reorganisation and turnaround effort. That campagin, led by company founder Michael Dell, has won the backing from Microsoft.
Since the deal was announced, Icahn emerged as a vocal opponent of the plan. The investor's efforts to offer alternatives, such as a merger with HP, have proven fruitless so far and have failed to catch on with either Dell's board of directors or industry analysts.
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