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Dell reportedly won't add to offer

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DELL $13.03 +$0.28

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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.

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