Carl Icahn and his affiliates have accumulated 18.5 million shares (or 9.3%) of Dell Technologies (NYSE: DVMT) as of November 1, 2018.
Icahn's initial 13D filing was made on October 15th and shows his and his affiliates purchase price ranges between $93.47 and $97.65. DVMT closed at $92.10 on November 6th.
Icahn is currently in a legal battle to increase the merger consideration for shares of DVMT. Along with his 13D filing, Icahn released a letter to fellow shareholders emphatically arguing against the current merger agreement and claims the offer price significantly undervalues the company. You can read the full letter here where Icahn explains his view that the company is "on a pure mathematical basis approximately $144 per share" (with some assumptions made). We suggest you read the actual letter for the details.
Subscribers of 13D Alerts received the below alert when Icahn's 13D filing was made with the SEC:
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This post is not meant to be investment advice nor a recommendation to buy any stock, but rather for information and research purposes and to demonstrate our alert system. You should not rely on information in the post for investment decisions, but should do your own research. We don't currently have positions in Dell Technologies, however we may do more analysis and determine it is an attractive investment and purchase some shares in the near future.