Billionaire investor Carl Icahn said he secured $5.2 billion in debt financing to support his latest attempt to scuttle the planned leveraged buyout of Dell Inc. by founder Michael Dell.

Icahn and his affiliates obtained the financing with help from Jefferies Group LLC, which committed $1.6 billion, he said today in an open letter to Dell shareholders and directors. Icahn also called on the Round Rock, Texas-based company’s special committee handling the proposed buyout to “engage in a direct, face-to-face sit-down meeting” with his group.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access