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Monday, October 15, 2018

Carl Icahn reports 8.3% stake in Dell's tracking stock

Activist investor Carl Icahn reported an 8.3 percent stake in Dell tracking stock and urged investors to vote against the proposed buyback by Dell Technologies of shares tied to its interest in software company VMware.

"The Dell Tracker currently sells for approximately $92 per share but is worth on a pure mathematical basis approximately $144 per share," Carl Icahn said in an open letter to stockholders.

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