Breaking Finance News

BREAKING- Icahn Will Likely Lose Dell Battle

Shares of Dell (NASDAQ: DELL) are up more than 5 percent on news breaking on CNBC that Icahn will likely lose the Dell battle as the Dell special committee is close to reaching a deal with Michael Dell that will allow for voting provisions to be changed.

Rumors began early this morning that a new deal was nearing completion. It also appears that Delaware law is on the side of the Dell Special Committee allowing it to change voting rules to get the deal approved. This morning Breaking Finance News reported that the deal being negotiated was likely $13.75 per share with a $0.13 per share dividend.

[stock-tools exchange="NASDAQ" symbol="DELL" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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