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Dell CEO raises bid for company
2013-07-24 16:29:00| Telecompaper Headlines
(Telecompaper) Dell has received an improved takeover offer from founder and CEO Michael Dell and investment firm Silver Lake. This raises the price offered to USD 13.75 per share in cash, from USD 13.65 previously. The higher offer is dependent on a change in the shareholder vote terms to require only a simple majority to approve the deal, excluding Mr Dell and other shareholders affiliated with the bid and abstentions. The bidders said this is their final offer and it will not be increased again. The success of the bid led by the CEO has been in doubt after investor Carl Icahn formed an alternative consortium offering USD 14 per share, rising to as much as USD 15.5-18 with associated warrants. Due to the revised proposal, the company has delayed its planned shareholder vote on the takeover again, to 02 August. The special committee formed to evaluate the offers has not issued an opinion on Mr Dell's new bid yet, but previously it backed his proposal.
Voda reportedly raises Kabel Deutschland bid
2013-06-19 02:00:00| Total Telecom industry news
U.K. mobile operator said to have offered 0.85 per share, or 7.5 billion, for cable operator following rejection of lower bid.
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Dish raises bid to buy Clearwire to top Sprint's offer
2013-05-30 10:47:18| IT Services - Topix.net
Dish Network raised its tender offer to buy wireless carrier Clearwire Wednesday to $4.40 a share in cash, topping a competing bid from Sprint Nextel by 30%. The raised offer - outlined in a letter from Dish chairman and co-founder Charlie Ergen to John Stanton, chairman of Clearwire - triggers more questions for Clearwire's shareholders as they ... (more)
Sprint Raises Clearwire Bid, Topping Dish Counteroffer
2013-05-21 18:39:01| Telecom - Topix.net
Sprint offered $3.40 a share, up 14 percent from a previous bid of $2.97 a share, the company said today in a statement.