Dell committee and buyout group close to a deal: source

Fri Aug 2, 2013 7:34am EDT

Shadows of Michael Dell, chairman of the board and chief executive officer of Dell, are cast under the company logo as he speaks during a press briefing in Tokyo March 24, 2009. REUTERS/Issei Kato

Shadows of Michael Dell, chairman of the board and chief executive officer of Dell, are cast under the company logo as he speaks during a press briefing in Tokyo March 24, 2009.

Credit: Reuters/Issei Kato

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(Reuters) - Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are nearing a deal that would include an offer price of $13.75 per share and a special dividend of 13 cents, a source familiar with the matter said.

The deal includes changing the company's buyout voting standard to exclude from the tally shares that do not cast votes, the source said.

Silver Lake declined to comment and a Dell representative could not immediately be reached.

(Reporting by Greg Roumeliotis in New York and Sruthi Ramakrishnan in Bangalore, Editing by Ted Kerr)

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