Michael Dell and investment firm Silver Lake have increased their takeover bid for Dell by 10 cents to $13.75 a share, a special committee of Dell’s board of directors announced on Wednesday. As a result, the already-postponed special meeting of stockholders intended for the official vote on the buyout option was rescheduled for Aug. 2 to give the committee time to evaluate the revised offer. “This is our best and final proposal,” Dell and Silver Lake Managing Director Egon Durban wrote in their proposal letter.
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Dell Doubles Down on a Dime
Posted by: Peter Suciu July 24, 2013 02:18 PMMichael Dell and investment firm Silver Lake have increased their takeover bid for Dell by 10 cents to $13.75 a share, a special committee of Dell’s board of directors announced on Wednesday. As a result, the already-postponed special meeting of stockholders intended for the official vote on the buyout option was rescheduled for Aug. 2 to give the committee time to evaluate the revised offer. “This is our best and final proposal,” Dell and Silver Lake Managing Director Egon Durban wrote in their proposal letter.