- Michael Dell plans to stay at Dell (DELL) if his and Silver Lake's bid to take the company is rejected.
- In a round of interviews, he reiterates that their increased proposal of $13.75 is their "best and final offer."
- Dell rues allowing shares that aren't tendered to be counted as no votes, as it "only takes about 23% of the outstanding shares to block the transaction," he says. "This is an unfair result that does not accurately reflect what the shareholders want." That's why Dell wants the rules changed so that non-tendered stock is not counted. His bid is set to lose if the requirements aren't altered.
- If Carl Icahn's plan for a leveraged recapitalization goes through, Dell could refrain from tendering his shares, which would give him 42% of the company.
Michael Dell vows to fight on if he loses bid vote
Jul 29 2013, 05:02 ET