Dell board rejects revised buyout proposal

|About: Dell Inc. (DELL)|By:, SA News Editor

The special committee of Dell's (DELL) board rejects Michael Dell/Silver Lake's offer to raise their bid to $13.75 in exchange for an alteration in voting rules

The board will consider a new date for a vote on a $13.75 deal, but only under current rules in which abstentions would be counted as the equivalent of "no" votes.

The alternative is to proceed with a vote as planned on August 2 for the existing $13.65 offer.

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