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Breaking News Headlines: Carl Icahn Plays New Card In Dell Buyout Battle

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July 10, 2013 AT 11:02 AM
Carl Icahn played a new card in his quest to wrest control of computer maker Dell from its founding CEO. Two days after Institutional Shareholder Services and two other proxy advisory firms endorsed a $24.4 billion leveraged buyout proposed by Michael Dell and the private equity firm Silver Lake, Icahn today urged shareholders to invoke a provision of Delaware that allows them to have second thoughts up to 60 days after the buyout has taken place.