July 24 - Michael Dell and his partner want to buy the personal computer company he founded for merely 10 cents more than his previous offer. Conway G. Gittens reports.
The Daily Digit is 10 cents. Yep. 10 cents. A Dime. What can a dime get you? Hardly anything in the Western world. But if you are Michael Dell, you hope 10 cents more will help convince shareholders to let you take the company you founded - private. Dell boosted his buyout offer a mere 10 cents a share, now $13.75, in what is being described as the best and final offer. And believe it or not, that dime is coming with a string attached. There's a request to the special committee reviewing the offer to allow easier voting rules to help Dell seal the vote over billionaire rival Carl Icahn, who is fighting to keep the personal computer maker public. The future of Dell - the company - has been at the center of a tug of war between the two sides with a vote postponed until late Wednesday, now put off again until August 2. Who thought this long-running battle could... turn on a dime?