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| Dell shares jump 5% as board agrees to new buyout offer | |
| (35 minutes later) | |
| Dell's shares have risen 5% after the firm's board accepted a new buyout offer from founder Michael Dell. | |
| The latest proposal add a one-off payment of 13 cents a share to last week's $13.75 a share offer. | |
| Mr Dell, together with investment firm Silver Lake, is trying to buy back the computer giant he founded in 1984. | |
| Shareholders had been due to vote on Friday on the offer, but the addition of the dividend means a new proposal has to be drafted and put to them. | Shareholders had been due to vote on Friday on the offer, but the addition of the dividend means a new proposal has to be drafted and put to them. |
| They will now vote at a special meeting on 12 September. | |
| Mr Dell, who founded the company while still at college, wants to reorganise the business which has been moving away from making computers and into providing technology services. | Mr Dell, who founded the company while still at college, wants to reorganise the business which has been moving away from making computers and into providing technology services. |
| But shareholders have been resisting, led by billionaire Carl Icahn, who has argued that Mr Dell has undervalued the company. | But shareholders have been resisting, led by billionaire Carl Icahn, who has argued that Mr Dell has undervalued the company. |
| The bid, excluding the one-off payment, values the company at $24.5bn (£16bn). | The bid, excluding the one-off payment, values the company at $24.5bn (£16bn). |