Icahn Sweetens Counter-Proposal For Central Texas Computer Giant

NEW YORK (July 12, 2013)--Billionaire investor Carl Icahn is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by the founder of the Central Texas computer giant to buy the company and take it private.

Icahn, who owns a nearly 9 percent stake in Dell, now wants to offer shareholders warrants in addition to cash.

Under the revised offer, shareholders could receive $14 per share, plus one warrant for every four of their shares.

The warrant would give shareholders the right to buy one Dell share for $20 over the next seven years.

In a letter to shareholders, Icahn values his counter-proposal at about $15.50 to $18 per share.

Michael Dell and Silver Lake Partners have offered $13.65 per share.

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