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Dell rejects revised bid, but with a giant escape clause

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Dell makes its founder an offer he probably can't refuse.

FORTUNE -- Michael Dell and Carl Icahn finally have something in common: They are annoyed with Dell Inc.'s special committee.

Dell's (DELL) special committee this morning rejected a new buyout proposal from Michael Dell and private equity firm Silver Lake, which would have raised their offer from $13.65 per share to $13.75 per share in exchange for a voting rules change that MORE


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