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Michael Dell and Silver Lake up their offer for Dell buyout

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    Michael Dell and Silver Lake up their offer for Dell buyout

    The competition for ownership of Dell is heating up again today, as 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. These revised terms add, at the most, $470 million to the previous offer, and in order to let shareholders mull it over, voting has been delayed to September 12th. Cue the next counter-offer.
    Filed under: Dell
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    Via: AllThingsD
    I said in search of my botni, not in search of my bhootni. Please stop sending me PMs.
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