Activist investor Carl Icahn, along with his partner Jefferies & Co., have secured billions in financing for their Dell bid, a new report claims.
The investors have secured $5.2 billion in loans from several banks and institutional investors, Reuters is reporting, citing people who claim to have knowledge of the deals. Those funds will help Icahn and company finance their Dell buyout proposal.
According to Reuters' sources, the $5.2 billion includes a 6-year loan worth $2.2 billion, as well as a 3.5-year loan for $3 billion. The sum is part of a much broader plan on … Read more