Dell's Special Committee Says Cannot Endorse Icahn Proposal

Dell's special committee said Tuesday that it does not endorse the latest concept put forth by Carl Icahn. Icahn wants Dell to pursue a self-tender for its shares of about $16 billion, Dell said. The Dell special committee said that Icahn's concept does not provide "financing, nor any commitment from any party to participate, nor any remedy for the company and its shareholders if the transaction is not consummated."

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