Wed, Jul 24, 2013 3:04 PM EDT 1:00
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. Dell's founder is boosting his offer to buy the struggling PC maker by 10 cents to $13.75 per share in hopes of attracting more shareholder support. The company said it was delaying its shareholder meeting for a second time to give its board time to consider the offer. Dell founder Michael Dell raised his $24.4 billion bid by $150 million but the sweetened offer is contingent on a key change to the shareholder voting rules that will make it easier for him to take the No.3 personal computer maker private.