Billionaire investor Carl Icahn, in a bid to force Michael Dell to sweeten his $24.4 billion buyout offer for Dell Inc. (DELL:US), said he’ll come up with a higher bid for the PC maker by tomorrow morning.
“I do think Dell is worth a great deal more than the $13.65” Michael Dell is offering, Icahn said today on Bloomberg Television’s “Street Smart” with Trish Regan.
Icahn, who holds an 8.7 percent stake (DELL:US)in Dell, has been agitating for months to try to force Michael Dell and buyout partner Silver Lake Management LLC to sweeten their proposal. His latest plan would offer Dell shareholders $14 a share or the ability to retain equity in a publicly traded portion of the company -- rather than the buyout group’s deal that takes all the shares off the table for outside investors.
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