Business and Industry

Dell Shares Rise After News of Buyout Offer

Board has accepted an offer from the firm's founder


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.