Michael Dell agreed to value his stake below offer price to facilitate deal In a regulatory filing, Dell discloses that in the negotiations with Silver Lake that began in late October, the private equity firm increased its proposed price as other financial sponsors dropped out of the process . Extensive negotiations between the 'Special Committee' and Silver Lake ensued and the price of $13.65 was agreed upon. " In order to facilitate a price increase by Silver Lake, Mr. Dell and related persons agreed that their shares to be rolled over in the proposed transaction would be valued only at $13.36 per share as opposed to the $13.65 price offered to the Company’s unaffiliated stockholders."
Red Hat to hold a summit Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link