The competition for Dell is heating up again today, as CEO Michael Dell and investment outfit Silver Lake have increased their buyout offer for the company. The new agreement raises the per share price to $13.75, provides for a special dividend of 13 cents per share, as well as an 8 cents per share dividend in the third quarter. Basically, these revised terms add, at the most, $470 million to the previous proposal that valued the company at around $24.4 billion. In order to give shareholders a chance to mull it over, the date when deciding votes will be cast has been pushed to September 12th. Plenty of time for the next counter-offer to come through, then.
Filed under: Desktops, Microsoft, Dell
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Via: AllThingsD
Dell went private back in 2013 to reorganize without quite so much external pressure to perform. Now, however, it's ready to go public once again. The company has unveiled a plan to buy its own tracking stock in a $21.7 billion deal that, in exchan...