8 Tech Turkeys For 2013


Carl Icahn

Activist investor Carl Icahn (pictured) fought hard for six months to oppose Michael Dell's plan to take his company private, and along the way there were many examples of Icahn's trademark tenacity. In March, Icahn told Dell's board of directors to expect "years of litigation" if it went ahead with its proposed leveraged buyout of $13.65 per share.

Icahn tried to convince investors to oust Michael Dell and other Dell board members and elect a board more closely aligned with his views, but the judge refused to hear the case. Icahn eventually gave up his fight against Dell's $24.8 billion leveraged buyout plan in October. He did manage to get Dell to raise its buyout price to $13.75 and add a special dividend of 13 cents per share.

 



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