Jefferies analyst Peter Misek wrote that the leveraged buyout, or LBO, bid for Dell (DELL) is likely to be increased to $15 per share from the current offer of $13.65 per share. After examining the agreement between Dell and the consortium that has agreed to acquire the company, Misek thinks that the acquirers would be able to increase their bid. Moreover, private equity firms that own Dell shares would be unlikely to accept a price below $15, the analyst believes. However, enough shareholders would likely accept a $15 per share bid to enable a deal to get done, the analyst wrote. Meanwhile, no other bid for Dell is likely to surface, and the consortium that has agreed to buy Dell would likely not pay $17 to $20 per share, added Misek, who raised his price target on the stock to $13.65 from $13 but maintained a Hold rating. In early trading, Dell's stock was unchanged at $13.70.