Michael Dell together with Silver Lake Management LLC considered the US$24.4 billion or US$13.65 per share buyout offer to be their utmost and final bid for Dell Inc. The deadline to persuade the shareholders of Dell Inc was imminent and Michael Dell decided that it would be his concluding offer. The information came from sources familiar with the matter.

The buyout alliance's view was that the offer represented a relevant premium. This was in accordance to the upsurge of borrowing cost and decline of the personal-computer manufacturer's profits.

The board's special committee considered postponing the July 18 target for the shareholder votes. The committee contemplated on moving the ballot by a week from the scheduled deadline. The consideration was accounted because the committee wanted to get a higher offer or more time to gain support regarding the transaction.

"Instead of executing the vote and maybe not getting it passed, Dell may need to postpone the vote until they know it could get passed through," Monness Crespi Hardt & Co.'s analyst in New York, Jeff Fidacaro, said.