DELL Dell Inc. (MM)

Carl Icahn as expected on Friday sweetened his offer for Dell Inc. (DELL), CNBC reported. Under his proposal Dell would self-tender 1.1 billion shares of Dell stock in exchange for $14 a share plus one warrant for four shares, CNBC said.

Each warrant would entitle stockholders for a period of seven years to purchase a share of Dell for $20, the report said. The total value, according to Carl Icahn, would be $15.50 to $18 a share, CNBC said.

Full story at www.cnbc.com

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