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.
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