For those of you who have been closely following the "Dell going private" story, this past week has certainly been an interesting one. Let’s just take a moment to recap on exactly what has been going on at Dell lately.
Earlier this week, Dell board members agreed to a higher offer from founder and CEO Michael Dell and his partner Silver Lake. The offer also included a special dividend for shareholders, including a one-time shareholder payout of $0.13 per share, compared to Michael Dell’s previous offer to buy the company at $13.75 per share.
In response to Michael Dell’s recent bid increase, investor Carl Icahn, Michael Dell’s primary opponent, has also upped the stakes on his side of the fence. Icahn, already an 8.7% owner of the well-known technology company, purchased 4 million additional Dell shares last week Thursday.
So at the moment, Michael Dell and Carl Icahn (and the rest of us as the eager audience) must play the waiting game. The official vote by the Dell board of directors on whether the company will go private or stay public is not scheduled to be held until September 12th.