Icahn, Southeastern mount challenge to Dell buyout

Files photograph of a Dell laptop computer in New York

(Reuters) - Carl Icahn and Southeastern Asset Management Inc have mounted an aggressive challenge to Michael Dell's controversial $24.4 billion offer to take Dell Inc private, offering $21 billion in cash to shareholders while vying to wrest control of the company from its co-founder. Michael Dell, major shareholders such as Southeastern and billionaire activist investor Icahn are waging a battle over the future of the world's third largest personal computer maker, once a tech-industry high … [Read more...]

WHAT’S CLEAN

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Impact Engine - Part 6 John Jonelis ~ VERBATIM from a special correspondent ~ Loop Lonagan here. I’m at a place where my natural greed ‘n’ avarice can do some good fer dis poor worn-out world. This is the Chicago CleanTech Competition—what you might call a race between high-tech global janitorial services. Ten distinguished judges will pick the best o’ da best—companies that’re really doin’ somethin’ to deal with the mess we’re makin’ outa our little corner o' … [Read more...]

THE BUM IN ME

Funding Feeding Frenzy - Part 2 John Jonelis VERBATIM transcript of a recording by Loop Lonagan—investor and man about town. Loop Lonagan here. I’m headin’ out to this year’s Funding Feeding Frenzy. It’s the big event if ya wanna see all o’ Chicago’s best startups in one place. This time the FFF is happenin’ at a place called the Chopin Theater northwest o’ downtown and I wanna see how that’s gonna work out. Will there be a string quartet? They yusta hold it at a huge … [Read more...]

SHARK TANK MEETS THE APPRENTICE

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Funding Feeding Frenzy - Part 1 John Jonelis The big Funding Feeding Frenzy is almost upon us again. Loop Lonogan covered this event last time and here’s his transcript—verbatim: Loop Lonagan here. I’m at the Funding Feeding Frenzy 'n' there must be more'n 1000 people here and lots more goin' in and out all day. If you wanna see what’s happening in the Chicago Startup Community, this is the place to be and you can do it all in one single day. But don’t ferget—there’s sharks … [Read more...]

WORTHY OF AWARDS

The Chicago Innovation Awards – Part 3 John Jonelis I’ve jumped aboard a Gulfstream G450 to interview the legendary Loren Bukkett. I want his take on the Chicago Innovation Awards. He finally puts away his phone and turns to me. “Okay, let’s talk,” he says. I take that to mean he’s already finalized all the deals that peaked his interest. Nice to have a large staff to handle the details. But here in the jet cabin, it’s just Loren, his wife Aussy, and me. Aussy is doing … [Read more...]

SIX REASONS WHY TECH BELONGS TO THE YOUNG

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Why are young entrepreneurs taking over the tech world? Who gets these kids charged with the kind of passion that induces investors to open their tightly held wallets? They lick their chops like old men lusting after eager young virgins. We’re going to take a closer look at this phenonemon. I’m at Northwestern's all-day conference put on by "entrepreneur@nu," their in-house accelerator for student startups. This session is called “Tech for Non-Techies.” I asked Bill Blaire to cover … [Read more...]

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