News Summary: Dell's founder boosts offer

NEWS SUMMARY: Dell's founder increases offer to buy company, wants changes in voting rules

Associated Press

NEW OFFER: A group led by Dell's founder has boosted its offer for the struggling computer maker by 10 cents to $13.75 per share. The offer values the company at over $24 billion.

THE CATCH: As part of the new offer, the group wants shareholder approval of the deal to be based on just the shares that are voted. Under the current rules, shares that aren't voted are considered to be against the offer.

THE DEADLINES: The company's shareholder meeting has been delayed until Aug. 2.

View Comments