Mr. Icahn and Blackstone were the only two preliminary bidders to emerge last month from the special committee's process of soliciting potential alternatives, in what is known as a "go-shop".
Mr. Icahn and the private equity firm Blackstone Group were the two preliminary bidders to emerge last month from the special committee's process of soliciting potential alternatives to the proposed $13.65-a-share 13.65-a-share 13.65-a-shareunder, Michael S. Dell, and the private equity firm Silver Lake.
Although Mr. Icahn legitimately quibbles with a process that eventually squeezed an extra 2 percent from the buyers in return for delaying and altering the shareholder vote, Dell's board does seem to have tried hard to solicit serious alternative bids.
Many are involved in the state's groundbreaking Catch programme, which offers women facing jail terms for soliciting and prostitution an alternative in the form of a three-year residential recovery and reintegration programme.
In addition to offering candidates an alternative to soliciting big dollar donations, and dealing with all the strings that inevitably are attached to them, these programs typically give voters a more diverse group of candidates from which to choose.
Catalina, based in St . Petersburg Fla., said it could solicit or entertain alternative proposals from third parties during the next 45 days.
In a letter to Yahoo's board, Mr. Loeb, the chief executive of Third Point, also demanded two board seats and criticized the board's "inability — or perhaps unwillingness — to properly solicit true strategic alternative bids" for the company.
The Education sector is also engaging stakeholders to solicit views on alternative forms of discipline in the Government's plan to abolish corporal punishment in schools which is sanctioned in the Education Corporal Punishment Act of 1979.
Rather than grounding decision-making solely in the specifics of the consent language, DACs and similar oversight bodies should consider alternative mechanisms for soliciting the views of individuals with salient insights regarding the interests of participants or their communities.
During Dell's go-shop process, meant to solicit higher-priced alternatives to a $24.4 billion buyout by Michael S. Dell and the investment firm Silver Lake, Mr. Icahn offered to pay $15 a share for 58 percent of the company.
