Dell Chairman and CEO Michael Dell delivers a keynote address during the Oracle OpenWorld event at the Moscone Center on Oct. 4, 2011, in San Francisco. Dell stepped down as CEO of the company on March 4, 2004, but returned as CEO on Jan. 31, 2007, at the request of the board. (Photo: Kimihiro Hosina, AFP/Getty Images)
Dell founder Michael Dell has increased his bid to buy out struggling personal computer maker Dell in a new effort to convince shareholders to support his plans to take the company private.
In a statement released Wednesday, Dell says the PC maker's founder and Silver Lake Partners are offering $13.75 per share to buy out the company, up from an original bid of $13.65.
A letter from Michael Dell says this offer is "our best and final proposal." A shareholder meeting to vote on the buyout bid has been rescheduled for August 2.
Follow Brett Molina on Twitter: @bam923.
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