Reuters: Technology News: Dell buyout vote delay would not lead to higher offer: sources

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Dell buyout vote delay would not lead to higher offer: sources Jul 16th 2013, 21:48 Tweet Share this Email Print Related News UPDATE 2-Dell sees buyout vote as too close to call, mulls delay -source 3:41pm EDT Icahn sweetens bid for Dell by adding warrants Fri, Jul 12 2013 Icahn in last-ditch bid to keep Dell gamble going Fri, Jul 12 2013 Deals of the day -- mergers and acquisitions Tue, Jul 9 2013 Dell shareholder Yacktman backs Icahn buyout proposal Tue, Jul 9 2013 A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong October October 21, 2009. Credit: Reuters/Bobby Yip Tue Jul 16, 2013 5:48pm EDT (Reuters) - Dell Inc Chief Executive Michael Dell and his private equity partner Silver Lake would decline to raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday. Dell may decide to delay a shareholder vote scheduled for Thursday, July 18, on the offer as the company's special board committee now sees the outcome as too close to call, a person familiar with the matter said earlier on Tuesday. With a nearly 16 percent stake in Dell and ties going back three decades to the creation of the company out of his college dorm room, Michael Dell is seen as having much more at stake in the deal going through than Silver Lake, a financial investor that often walks away from deals it deems to make no sense. But the two people with knowledge of Michael Dell's and Silver Lake's plans said on Tuesday that any decision to increase the offer would be taken jointly and that both parties have decided there will not be any bump in their $13.65 per share offer. The people asked not to be identified because their deliberations are private. Spokespeople for Dell and its special board committee did not immediately respond to requests for comment. Silver Lake declined to comment. (Reporting by Greg Roumeliotis in New York) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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