ROUND ROCK, Texas (AP) Dell's board has agreed to an increased offer from founder Michael Dell that would add a special dividend to shareholders.
The Round Rock, Texas, company says a group led by its founder and the investment firm Silver Lake Partners will tack a one-time shareholder payout of 13 cents per share to an offer they made last week to buy the company for $13.75 per share.
Shareholders were scheduled to vote this morning on a lower offer to buy the company for $13.65 per share. That vote has been postponed.
Shareholders who own the stock as of Aug. 13 will now be eligible to vote at a Sept. 12 special meeting on the new deal.
Dell's previous offers have drawn heated criticism from major Dell investors like Carl Icahn for being too low.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.