Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday July 31, 2013

Dell Rejects Founder's Revised Offer

It looks like Michael Dell might have to up the ante once again to get shareholders on board with his plan to take the company private.

In a letter sent to Michael Dell on Tuesday and released today, Dell's Special Committee of the Board of Directors, which is tasked with evaluating all buyout offers, said that it's "not prepared to accept" the proposal Dell and his partners brought before it last week. The Committee didn't say why it's unwilling to accept the proposal at this time.