Michael Dell doesn’t appear to be letting a little thing like a competing offer for his ailing PC maker force him to up his offer, sources tell The Post.
The executive and Silver Lake, his partner in the $13.65-per-share — or $24.4 billion — bid to take the Round Rock, Texas, PC maker private aren’t expected to budge on the bid, sources said.
The two are expected to stand pat despite a rival bid from Carl Icahn and prodding from Dell Inc.’s special committee to raise their offer.
In addition, some groups close to the company are saying proxy advisory firm Institutional Shareholder Services may not support the Dell/Silver Lake bid as is.
Bloomberg reported yesterday that Dell’s special committee was pushing Silver Lake to increase its offer.
The shareholder vote is set for July 18. Silver Lake and Dell are still betting they can win it.
Dell’s shares closed down 7 cents on Wednesday, at $13.31.
Icahn’s proposal is that shareholders receive $14 a share and maintain a small stake in Dell.