Dell Inc.’s special committee asked billionaire Carl Icahn for more information about his proposed takeover of the personal-computer maker, made last week as a challenge to founder Michael Dell’s $24.4 billion buyout.
Dell Inc. said yesterday it received proposals from Blackstone Group LP and Carl Icahn that may be superior to Michael Dell’s $24.4 billion buyout plan, putting pressure on the founder to sweeten his terms or switch allegiances. The new bidders increase the number of lawyers who are working on the deal.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Herbalife Ltd. Director Jeff Dunn said hedge fund manager Bill Ackman is wrong in his analysis that the company is a pyramid scheme and is just “throwing rocks” to support his short position in the shares.
Dynegy Inc . said the Federal Energy Regulatory Commission, or FERC, has approved an application by Dynegy and an affiliate of Icahn Enterprises LP related to the proposed acquisition of Dynegy by IEP.