Breaking Finance News

BREAKING- WSJ Reports Michael Dell Close to New Deal with Dell Committee (DELL)

Update: Dividend is said to be $0.13 per share.

According to the Wall Street Journal, Michael Dell is close to a new deal with Dell (NASDAQ: DELL) special committee where he would offer $13.75 per share plus a special dividend. This, ahead of the shareholder vote on Dell’s plan to take the company private that is scheduled for Friday.

The vote was rescheduled twice after it was clear that Dell would not have the votes to approve his proposal to take the company private. Activist investor, Carl Icahn has waged a battle against Dell saying that the plan undervalues the company. Icahn’s plan includes keeping the company public and a management shakeup.

[stock-tools exchange="NASDAQ" symbol="DELL" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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