TribLIVE

| Business


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

Dell reportedly won't add to offer

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

DELL $13.03 +$0.28

at close on FRIDAY


By Serena Saitto C.2013 Bloomberg News

Published: 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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Under the Hood: A chance to take top cars for a spin
  2. Investment in Western Pa. startups reaches 5-year high
  3. Squeezed by competition, Chobani to expand offerings
  4. Chocolate prices expected to soar as ingredients grow more expensive
  5. Pa. unemployment rate falls to lowest since 2008; 12,000 more enter workforce
  6. Chrysler’s Easter eggs fun for vehicle owners
  7. Mazda recalls 109,000 older SUVs
  8. Long-term unemployed struggle to find — and keep — new jobs
  9. Pandora sued by record companies
  10. 2014 Beetle is celebration of 65th American anniversary
  11. Shale pioneer hires Chesapeake for drilling job
Subscribe today! Click here for our subscription offers.