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CNBC: Icahn Buys 100 Million Shares of Dell

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Citing unnamed "trading sources," CNBC reported this afternoon that activist investor Carl Icahn -- who has been in the news quite a bit recently for his feud with Herbalife short Bill Ackman -- has amassed an ownership stake in computer giant Dell (UNKNOWN: DELL.DL  ) . Buying close to 100 million shares of the stock, the report suggests that the legendary Wall Street financier could now own around 6% of the company.

Closing 1.8% higher after trading at a slight loss for most of the day, Dell has been the subject of much recent speculation regarding its future as a company. The PC maker already agreed in February to be taken private at the hands of its own founder and CEO, Michael Dell, for $13.65 per share. Today's closing price of $14.32 indicates that shareholders believe they can get a sweeter deal; reportedly, Icahn's preference is that the company leverages itself highly, and pays out a massive one-time dividend. The dividend sought by Icahn may even be as high as $9 per share.


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John Divine
TMFDivine

Fool since 2012, unique fingerprints since birth. Age 7: Put lifetime savings ($18.37!) in the bank, became disillusioned with low interest, and a fascination with the stock market was born.

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