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Twitter plans $1B stock market launch under TWTR symbol
ROUND ROCK, Texas, Oct. 5 (UPI) -- Activist investor Carl Icahn said he has withdrawn a demand for a share value appraisal that could have stalled the sale of U.S. computer giant Dell.
"I withdrew my demand for appraisal of my Dell shares. Based on our returns on capital, we believe we have better uses for $2 billion," Icahn wrote in a message posted online, The New York Times reported Saturday.
Icahn had taken a number of steps to derail the sale of Dell for $24.9 billion to its founder Michael Dell and an investment firm, Silver Lake. Prior to shareholders approving the sale, Icahn had considered assembling his own bid for the company, which he said was undervalued in the offer shareholders approved.
A share appraisal is within the rights of shareholders of firms incorporated in Delaware, the Times said.
The problem for the company is that it could take months to complete. Testimony is heard from both sides before shares are assessed a value.
There is also a risk to shareholders that the value could be assessed at a price below the sale price, the Times said.
The company confirmed Icahn had withdrawn his demand, the newspaper said.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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