Dell's board agrees to increased offer

  • Follow Business

ROUND ROCK, TEXAS Dell’s board has agreed to an increased offer from founder Michael Dell that would add a special dividend to shareholders.

The Round Rock, Texas, company says a group led by its founder and the investment firm Silver Lake Partners will tack a one-time shareholder payout of 13 cents per share to an offer they made last week to buy the company for $13.75 per share.

Shareholders were scheduled to vote Friday morning on a lower offer to buy the company for $13.65 per share. That vote was postponed.

Shareholders who own the stock as of Aug. 13 will be eligible to vote at a Sept. 12 special meeting on the new deal.

Search Augusta jobs
Top headlines
Augusta homicides up, but no cases recently
Although Augusta homicides are up compared with this time last year, police say a two-month absence of any is proof that some of their crime initiatives are paying off.