(Reuters) - Dell Inc said in a letter to suitors Carl
Icahn and Southeastern Asset Management that the company would not provide
more information about itself unless the board determined that their
proposal was "superior" to founder Michael Dell's.
Earlier this month, Icahn
and Southeastern offered $12 in cash per share or additional shares to
existing investors as an alternative to Michael Dell's $24.4 billion bid
to take the company private.
Dell's special committee
of the board of directors said in a letter on Monday that Icahn's
affiliates and representatives had made a number of requests for
information, including a request for data room access for a potential
"Please understand that
unless we receive information that is responsive to our May 13 letter, we
are not in a position to evaluate whether your proposal meets that
standard," the special committee said.
The committee had on May
13 asked Icahn and his ally Southeastern for more details on their
It had said it was not
clear Icahn intended to make "an actual acquisition proposal that the
Board could evaluate" or if he intended his offer as an alternative in the
event the pending sale to Silver Lake and Michael Dell is not approved.
Dell reported a 79 percent
slide in quarterly profit last week as personal computer sales continued
(Reporting by Sayantani
Ghosh in Bangalore; Editing by Roshni Menon)