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Carl Icahn nominates self, 11 others for Dell board posts

Billionaire investor Carl Icahn is nominating himself and 11 other candidates for spots on the Dell Inc board of directors.

twitter-logoAssociated Press | May 14, 2013 | Updated 18:03 IST

Billionaire investor Carl Icahn is nominating himself and 11 other candidates for spots on the Dell Inc board of directors.

Icahn and Southeastern Asset Management own a combined 13 per cent of the computer maker's shares.

According to a form filed with the Securities and Exchange Commission (SEC), the nominees to the board are - Icahn, Matthew Jones, Bernard Lanigan, Jr, Rahul Merchant, Peter van Oppen, Howard Silver and David Willmott, Harry Debes, Rajendra Singh, Gary Meyers, Daniel Ninivaggi and Jonathan Christodoro.

Ninivaggi is CEO of Icahn Enterprises and Christodoro is managing director of Icahn Capital LP. Van Oppen is a partner at investment firm Trilogy Equity Partners, while Merchant is commissioner of New York City's Department of Information Technology and Telecommunications and chief information and innovation officer. Willmott is president and chief operating officer of yard-care equipment maker Blount International Inc.

An investment group led by company founder and Chairman Michael Dell offered to take the Texas company private for $13.65 per share earlier this year.

Icahn and Southeastern Asset Management want to keep Dell public, and oppose the $24.4 billion offer. They say they would let shareholders keep their stake in the slumping PC maker so they could benefit from any Dell rebound.

Icahn and Southeastern plan to pay for their offer with existing cash from the company and about $5.2 billion in debt.

A special committee of Dell directors on Monday said it wants to hear more details on the Icahn-Southeastern proposal.

Dell shareholders will vote on the buyout offer in the next few months.

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