Icahn Is Right: Apple Is Not Dell

At some point today, the recent saga of Dell (DELL) will come to a conclusion. After weeks of fighting, Dell's two largest shareholders, Carl Icahn and Southeastern Asset Management, have decided that lobbying to keep Dell public is a pipe dream -- not because these holders are willing to fight the good fight but because the Dell board of directors has essentially manipulated itself to a victory.

When Dell couldn't muster the votes to go private, the board worked to delay the vote three times. When that didn't work, the board then decided it would not count abstention votes as voting against the deal. In the end, Dell ended up boosting the buy price by a few hundred million dollars in exchange for this voting amendment....379 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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