Michael Dell on Dell buyout: ‘This is our best and final offer’
Michael Dell, in comments that were by turns unbowed and resigned, said he won’t raise his buyout offer for Dell (Nasdaq: DELL) and conceded that he had agreed to a method of counting shareholder votes that “does not make sense.” The Dell founder and partner Silver Lake Management LLC last week raised their offer by a dime to $13.75 a share, or $24.6 billion. The increase was contingent on the special committee of the computer maker’s board changing a rule that unvoted shares be tallied as opposing the deal, a provision that has so far thwarted the bidders from...
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