14 DAY TRIAL // Due to Carl Icahn’s surprising and aggressive attempt to usurp Michael Dell's endeavor to buy the company he founded, Dell still hasn't gone private.
Originally, Michael Dell wanted to acquire the company in its entirety, with some help, in order to free the corporation from the conflicting whims of shareholders.
Cue billionaire Carl Icahn waltzing in and one-upping Dell's offer.
Now, after a back-and-forth dance that no one participating (or watching from the sidelines, like us) enjoyed, Dell and investment outfit Silver Lake have increased their offer.
The agreement raises share price to $13.75 / €10,42, with a special dividend of 13 cents per share and 8 cents per share dividend in Q3.
The terms add $470 / €356 million to the offer, AllThingsD reports.
Voting has been delayed till September 12, and might be delayed further if Icahn and his group make another counter-offer.