Michael Dell reportedly advised to raise offer in privatization bid

Dell headquarters in Round Rock, Texas.

(Credit:
Dell)

After examining Carl Icahn’s revised offer backed by secured financing, a special Dell committee reportedly has advised Michael Dell to raise his $24.4 billion offer to take the computer maker private.

The special committee of Dell’s board managing the computer maker’s effort to go private told Dell’s founder and chief executive a few days ago that he should submit a higher offer if he wants his proposal to succeed, a source familiar with the matter told Reuters. The committee reportedly reached that conclusion after meeting with…

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