Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Ethiopia's salt trails
For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin. Slideshow
Sponsored Links
Buyout consortium holding firm on Dell offer: sources
NEW YORK |
NEW YORK (Reuters) - The buyout consortium led by the founder and chief executive of Dell Inc does not intend to raise its offer for the world's No. 3 PC maker following a letter to the company's board of directors by shareholder Southeastern Asset Management, two people familiar with the matter said on Friday.
Michael Dell's consortium believes the offer price of $13.65 per share is a fare premium over where the company's shares traded following its latest published quarterly earnings after the market close on November 15, the people said. Dell's shares ended trading on November 16 at $8.86.
Dell and Silver Lake declined to comment.
Southeastern, Dell's largest independent shareholder, vowed on Friday to fight a $24.4 billion buyout of the Round Rock, Texas-based company, raising doubts about what would be the largest buyout since the start of the financial crisis.
(Reporting by Greg Roumeliotis in New York. Editing by Andre Grenon)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints




Follow Reuters