ROUND ROCK, Texas (AP) — Dell's founder is boosting his offer for the struggling computer maker by a dime to $13.75 per share in hopes of attracting more shareholder support for his plan to buy the company and take it private.
The move came just hours before Dell's shareholders were scheduled to vote on the previous offer from Michael Dell and the investment firm Silver Lake Partners.
The Round Rock, Texas, company said it was delaying its shareholder meeting for a second time, moving it to Aug. 2 to give its board time to consider the offer. The meeting had been set for later Wednesday, after being delayed the week before in a sign that the offer didn't have enough shareholder support.
Michael Dell and Silver Lake said Wednesday that the new offer increases the total amount paid to shareholders by about $150 million to more than $24 billion. They say it's their best and final offer.