4 Merger and Acquisition Stock Stories Making a Splash on Monday
Dell Inc. (NASDAQ:DELL): Current price $13.85
The dreaded Hedge fund titan Carl Icahn officially abandoned his struggle for control of Dell on Monday, said a letter he filed with the Securities and Exchange Commission. Dell shareholders are set (so far) to vote on the deal on Thursday and because of an alteration as to how shareholder votes will be counted, Icahn admitted that it is now “almost impossible to win the battle.”
However, he tossed a few more zingers at Michael Dell and the Dell board as he made his adieu, writing that, “We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it).” His final shot was at for Dell’s board. “Like so many boards in this country, reminds me of Clark Gable’s last words in Gone with the Wind, they simply ‘don’t give a damn.’”
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