Dell, Founder Agree To Price Bump With Voting Change

Law360, New York (August 2, 2013, 9:59 AM EDT) -- Michael Dell and Silver Lake Partners struck a new deal with Dell Inc.'s board on Friday that would send at least $470 million more to shareholders in exchange for a change to voting rules likely to boost the buyout deal's chances.

The buyers will bump the offer price by 10 cents to $13.75 per share, and will allow Dell to pay its shareholders a special 13-cent dividend along with its regular third-quarter dividend of 8 cents.

In exchange, abstentions will no longer count as “no” votes,...
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