Michael Dell Shouldering Buyout's $190M Dividend Alone

Law360, New York (August 14, 2013, 1:54 PM EDT) -- Michael Dell alone, with no help from Silver Lake Partners, is shouldering the cost of a special 13-cent dividend added to their $25 billion buyout offer for Dell Inc., according to new documents Wednesday that paint a picture of a committed CEO and a wavering co-investor.

The company's updated proxy statement peels back the curtain on frantic negotiations between the buyers and Dell's board between mid-July, when a planned shareholder vote was delayed, and Aug. 2, when a new deal, sweetened for both sides, was struck....
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