As Dell Inc. was reported to be arranging meetings with some major shareholders balking at its buyout deal, the company disclosed Thursday that founder and CEO Michael Dell had accepted a lower price for his shares in order to enable a higher offer to remaining shareholders.
Dell Inc. officials declined to comment on a report from Bloomberg news service that the company was setting up meetings with shareholders to hear their objections to the $24.4 billion buyout in which most shareholders would receive $13.65 a share. Bloomberg said Dell Inc. planned to meet with major shareholders, such as T. Rowe Price Group, which on Tuesday said it would not go along with the $13.65 price for the deal.
The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers