TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Dell reportedly won't add to offer

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

DELL $13.03 +$0.28

at close on FRIDAY

By Serena Saitto C.2013 Bloomberg News
Saturday, July 6, 2013, 12:01 a.m.
 

Michael Dell and Silver Lake Management LLC won't sweeten their $24.4 billion offer to take Dell Inc. private, people with direct knowledge of the situation said on Friday.

Dell and Silver Lake are ruling out an increase because the $13.65-a-share offer they made in February represents a fair and significant premium to where the stock would trade if the deal fell apart.

Institutional Shareholder Services, the investor advisory firm, is leaning against the deal, people familiar with the matter said this week. That would increase the likelihood that investors will oppose it at a shareholder meeting July 18.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Trax is affordable SUV option
  2. Renewed fears of Greek default whack stock market
  3. Mylan discounts speculation of a possible takeover by Teva
  4. Pa. employers shed 12,700 jobs in March; unemployment rate rises to 5.3 percent
  5. Glaxo to close Moon office, affecting 274 workers
  6. PPG axes 1,700 jobs as part of global restructuring
  7. Hearings set on new environmental rules for gas, oil drilling in Pa.
  8. EU regulators challenge Google’s domain
  9. Roku fights streaming’s big boys
  10. Gas price slump has Consol Energy shedding jobs
  11. Retailer Etsy crafts successful IPO