Icahn sweetens bid for Dell by adding warrant

July 12 Fri Jul 12, 2013 9:11am EDT

July 12 (Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their bid for Dell Inc by adding a warrant they say would increase the value of the offer to $15.50-$18 per share from $14.

Under the new offer, Dell shareholders would get $14 per share and a warrant for every four shares held that would entitle the holder to buy Dell shares for $20 each within the next seven years. (Reporting by Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)

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