The company could be acquired for $13.75 per share, and will see shareholders receive a 13-cent-per-share dividend. August 2, 2013 7:01 AM PDT Michael Dell (Credit: James Martin/CNET) Dell's Special Committee of the Board of Directors has entered into a revised agreement with its founder Michael Dell and his partner Silver Lake Partners. The company said on Friday that it has agreed to Dell's recently announced $13.75-per-share offer. The parties have also agreed to a special dividend that will be paid to shareholders at or before closing of 13 cents per share. The third-quarter dividend of 8 cents per share, which was already in place, will also be paid. Michael Dell and Silver Lake's initial offer was to acquire the PC maker for $13.65 per share. However, after Carl Icahn came in with his own alternative deal and major shareholders indicated an unwillingness to accept the deal, the founder came back with his latest offer. The special dividend and payment of the third-quarter dividend were not originally included in that deal. More to come...
The company could be acquired for $13.75 per share, and will see shareholders receive a 13-cent-per-share dividend.
Michael Dell
(Credit: James Martin/CNET)
Dell's Special Committee of the Board of Directors has entered into a revised agreement with its founder Michael Dell and his partner Silver Lake Partners.
The company said on Friday that it has agreed to Dell's recently announced $13.75-per-share offer. The parties have also agreed to a special dividend that will be paid to shareholders at or before closing of 13 cents per share. The third-quarter dividend of 8 cents per share, which was already in place, will also be paid.
Michael Dell and Silver Lake's initial offer was to acquire the PC maker for $13.65 per share. However, after Carl Icahn came in with his own alternative deal and major shareholders indicated an unwillingness to accept the deal, the founder came back with his latest offer. The special dividend and payment of the third-quarter dividend were not originally included in that deal.
More to come...
