Dell Inc., (NASDAQ:DELL) increases its offer price to $13.75 per share

Denver, CO, 08/05/2013 (Avauncer.com) – Shares of Dell Inc., (NASDAQ:DELL) were up 5.60% to close at $13.68. Thus, shares managed to close at the higher end of its 52-week price range of $8.69 to $14.64. Also, shares remained heavily traded at 108.75 million shares, as against an average volume of 32.89 million shares.

It seems Mr. Dell is in a desperate mood to take the company public, who has now agreed along with its long time ally Silver Lake Partners to increase the offer price per share to $13.75. This is contrary to the stern views taken by the founder of the PC giant to budge from its original offer of $13.65 per share. Earlier, Mr. Dell held out that the offer of $13.65 per share is the best price, and he would be contended if shareholders rejected the deal even at this price. However, the latest revision ahs raised doubts among investors and shareholders about the veracity of claims made by the company. Also, the integrity of the Special Committee formed to give an unbiased opinion to its shareholders is at stake, particularly in the light that such Committee too held out that the offer of $13.65 per share is fair and attractive. Since the credibility of people at the helm of affairs is at question, it should be seen whether the current price of $13.75 per share declares the fair price or not. Is the share still underpriced is a question to seek.

In addition, the company has also agreed to pay a special dividend of $0.13 per share, along with another guaranteed third quarter dividend. This is nothing but debt for the company, the only element which Mr. Dell has been against of. These shall hamper the reviving strategies which are to start afresh at the company.

In a certain turn of events, the Committee has set a new record date of August 13, 2013 from the earlier date of July 24. Hence, the Special meeting is adjourned from August 2, 2013 to September 12, 2013.