Dell Latest News: Dell Founder Raises Takeover Bid

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Dell Latest News: Dell Founder Raises Takeover Bid

Dell Latest News: Dell Founder Raises Takeover Bid
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Dell Latest News: Dell Founder Raises Takeover Bid

by Wochit 0:49 mins

Michael Dell, the founder of Dell has increased his takeover bid for the computer company by 7 percent, to $13.75 a share, and a shareholder vote has been moved for a second time, to Aug. 2. Dell said founder Michael Dell and private equity partner Silver Lake raised their buyout offer for the PC maker by 10 cents per share and were seeking to ease the voting requirements. The struggling computer company Dell is scheduled to hold a meeting of shareholders to approve or reject a $24.4 billion buyout proposal. Now there?s word that the vote may be delayed again.

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