Dell's plans to revert to being a private company has been stalled once again.
American business magnate and Dell investor Carl Icahn has proposed a new alternative that could derail another potential plan spearheaded by the company's founder and CEO Michael Dell.
According to Icahn's new proposal, the financier is pressing for the company to now offer $14 for each of its approximately 1.1 billion shares.
As of June 5, the Round Rock, Texas-based corporation had two options on the table:
- An all cash deal from Michael Dell and Silver Lake Partners for $13.65 per share
- An alternative from Icahn that leverages the company to pay a $12 special dividend
But he might have another major ally now too.
In a letter to Dell shareholders this week, Icahn asserted that he also had support from another large investment bank -- without revealing any names.
CNBC reported via Twitter on Tuesday that banking firm is Jefferies.
ALERT: Jefferies is "major bank" mentioned by Icahn in letter to shareholders - Source to CNBC— CNBC (@CNBC) June 18, 2013
The group is sticking by its original $13.65 deal for now.