Stockholders of computer maker Dell Inc. are not selling their shares below the US $14 per unit benchmark. This was confirmed by a person who has knowledge of the $24.4 billion through a Reuters report.
Even then, there's no guarantee that the special committee of Dell Inc. will recommend any voting changes if buyout party will raise to US $14 per share its offer, the source said. Reuters is protecting the identity of the source because he was not authorized to talk about the matter.
The latest offer from the bidder was US $13.75, which is only marginally larger than the initial bid of US $13.65.
Analysts have earlier warned that the more company founder Michael Dell and private equity firm Silver Lake Management drag the issue along, the more it would be detrimental to company interests.
Billionaire investor Carl Ichan has already made an offer to purchase Dell shares at US $14 per share, with the warrant option that can be traded for additional stock if share prices breach the US $20 mark.
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