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The Boston Globe

Business

Dell, Carl Icahn agree on limit on shares

Investor vows pressure as firm reviews bids

NEW YORK — Dell Inc. and Carl Icahn have agreed to cap his stake in the personal computer maker while a special committee considers competing takeover bids from the billionaire investor, a group led by chief executive Michael Dell, and buyout specialist Blackstone Group.

The company said Tuesday its board approved the agreement with Icahn under which he and entities tied to him pledge not to buy up more than 10 percent of the company’s shares.

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