Billionaire investor Carl Icahn has made his fourth attempt to derail Michael Dell's attempts to take the firm he founded back into private hands offering shareholders the chance to get a bigger stake in the PC marker.
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With less than a week to go before shareholders get to vote between the proposals from Michael Dell and Silver Lake valuing the firm at £24.4bn and $13.65 a share or Icahn who is offering $14 a share and is determined to keep the company public.
In the latest twist Icahn will add a warrant to the offer which should raise the value to $15.50 to $18 a share as it gives those with existing shares the chance to get hold of additional stock once the value of the firm's shares hit $20
Icahn outlined the plans in a letter to shareholders but his moves come against a backdrop of more public support from some large investors for the Michael Dell plans and a sense that the deal might be getting away from him with his suggestion earlier this week that the law could be invoked to give shareholders the opportunity to review a takeover for 60 days after it is completed.