Two of Dell’s largest stockholders, Carl Icahn and Southeastern Asset Management, have teamed up to propose an alternative to Michael Dell’s plans to take his computer company private. The new deal on the table, issued in a letter to board members, involves a leveraged recapitalization that will pay investors and keep them on as shareholders in a public company. A leveraged recapitalization is typically a transaction that takes a company private.
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Icahn Leads New Pitch to Win Dell Shareholders