Silver Lake's Dell bid started at $11.22 per share: source

NEW YORK (Reuters) - Private equity firm Silver Lake Partners bid as low as $11.22 per share for Dell Inc last summer, when it first discussed a buyout with founder and CEO Michael Dell, according to a person familiar with the situation. Since then, Silver Lake and Dell have raised their bid to take the world's No. 3 personal computer maker private to $13.65 a share. Major shareholders including Southeastern Asset Management have protested that the company remains severely undervalued at the current bid. Separately, Southeastern, the largest independent shareholder of Dell with a 8. ...

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