Michael Dell Ups Buyout Offer for Company To $13.75

Michael Dell along with his partner Silver Lake raised their buyout offer by 10 cents to $13.75 per share to take Dell Inc. (NASDAQ:DELL) private. The revised proposal would net shareholders $150 million more than the earlier $24.4 billion they would have received in the initial proposal from Michael Dell. Dell’s board has also adjourned today’s shareholder meeting until the afternoon of August 2. Michael Dell failed to secure required votes Last week, Michael Dell’s buyout plan failed to secure the required 735 million shareholder votes, falling short by 150 million shares. Dell Inc postponed last week’s scheduled shareholder meeting…