The press is widely reporting that Dell may be raising the price it is willing to pay to buy out our DVMT shares, which we believe is largely the result of our opposition and efforts. If the Company is able to get this deal approved, it is our understanding that DVMT shareholders will own over 20% of Dell’s outstanding stock. Especially given Michael Dell’s questionable corporate governance record and disregard for minority shareholders, it is imperative that DVMT shareholders are given basic corporate governance rights as Class C shareholders. At a minimum, Class C shareholders must have the right to elect at least 3 independent directors, so that the Company isn’t controlled solely by Michael Dell and Silver Lake. Without this corporate governance, we believe the rumored offer will be worth far less than its headline price.
Q3 hedge fund letters, conference, scoops etc
Article by Carl Icahn
