Michael Dell and US private equity firm Silver Lake Partners have once again increased their offer for Dell Inc, to $13.75 a share. Shareholder voting for the deal now postponed a week until August 2.
The long drawn-out process has resembled a high-stakes poker game, with shareholders so far succeeding to extract higher offers from Mr Dell and Silver Lake. They, however, call this latest offer their “best and final proposal”.
Need a recap of the bidding war so far? Here’s a summary: Read more