Icahn, Southeastern propose alternative to Dell buyout deal: WSJ

Thursday, 23 May 2013

New York, (Newswire): Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's largest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell, the Wall Street Journal reported.

Icahn and Southeastern, both vocal opponents of the deal, proposed giving Dell shareholders the option to keep holding stock in the company and take an additional $12 a share in cash or stock in a letter to Dell's board, the paper said.

The letter said Icahn and Southeastern together hold 13 percent of Dell's stock. The duo have argued that the buyout effort from Michael Dell and private-equity firm Silver Lake Partners significantly undervalues the company, according to the paper.

In April, Blackstone pulled out just a month after it launched a challenge to the billionaire's attempt to take Dell private. Icahn and Blackstone each offered alternatives that would keep part of the company public.

Representatives for the PC maker could not immediately be reached for comment outside of regular U.S. business hours.

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Sopore man electrocuted

Sopore, (Newswire): A 45-year-old man was electrocuted in his home at Dobgah area here in held Kashmir.

The deceased Ghulam Rasool Khan is survived by three children and a wife.

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‘Kashmir being supplied with poor quality mutton’

Srinagar,(Newswire): The Peoples Voice Civil Society expressed serious concern over what it said “supply and sale of third grade quality mutton in Kashmir.”

A PVCS delegation presented a memorandum to the Divisional Commissioner saying that held Kashmir was being supplied with poor quality mutton. 

The delegation informed the Div Com that the butchers were overcharging from the consumers and sought action from the government officials concerned against the culprits.

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Students, parents demand release of re evaluation results

Srinagar, (Newswire): Students who had applied for re evaluation of their papers in class 12th have demanded early release of results of the re evaluation of the papers they had applied for.

They criticized the Board of School Education for delay caused in the declaration of these results saying that this is marring their career prospects as many of them have applied for courses within and outside the state.

A group of parents told Greater Kashmir that the result of 12thstandard examination was declared on January 23, 2013 and within 15 days the JKBOSE authorities accepted the re-evaluation Application Forms.

 They said it is now about five months the results of these thousands of students are not being declared and now the last date of submission of other Forms at various places is also nearing ending.

 The aggrieved parents said they are worried about the career of their wards, as these are at stake due to the delay in declaration of results of re-evaluation and also in the conduct of the examination in the re-appear papers.

 It may be mentioned here that the last date of submission of forms for many prestigious professional exams is fast nearing expiry within few days now.

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