|[October 25, 2013]
Dell Announces Extension of Tender Offer for Outstanding Options under 2002 and 2012 Long-Term Incentive Plans
ROUND ROCK, Texas --(Business Wire)--
Dell (News - Alert) announced today that it has extended its previously-announced cash
tender offer for outstanding options to purchase Dell common stock under
the Dell�Inc. 2012 Long-Term Incentive Plan ("2012 Plan") and the
Dell�Inc. Amended and Restated 2002 Long-Term Incentive Plan ("2002
Plan"). The tender offer, which was previously scheduled to expire at
11:59�p.m., New York City time, on October�25, 2013 has now been
extended, and will now expire at 5:00�p.m., New York City time, on
October�29, 2013. Tenders of eligible options must be made prior to the
extended expiration of the tender offer and may be withdrawn at any time
prior to that time. Except for this extension, the tender offer remains
subject to all other terms and conditions set forth in Dell's Offer to
Purchase for Cash Outstanding Options to Purchase Common Stock under the
Dell�Inc. 2012 Long-Term Incentive Plan and the Dell�Inc. 2002 Long-Term
Incentive Plan, dated September�26, 2013 (the "Offer to Purchae").
As of 5:00�p.m., New York City time, on October�24, 2013, option holders
had validly tendered, and not withdrawn, options to purchase
approximately 61,783,573 shares of Dell common stock. Outstanding
options granted under the 2012 Plan and the 2002 Plan and eligible to be
tendered in the offer represented rights to purchase a total of
70,324,718 shares of Dell common stock as of September�26, 2013, the
date on which the tender offer commenced.
Important Additional Information Has Been Filed With the SEC (News - Alert)
This press release is for informational purposes only and is neither an
offer to purchase nor a solicitation of an offer to sell the options.
The tender offer is being made pursuant to a tender offer statement on
Schedule�TO and related materials, including the Offer to Purchase, that
Dell filed with the Securities and Exchange Commission on September�26,
2013. The Offer to Purchase has been disseminated to option holders
under the 2012 Plan and the 2002 Plan. Option holders are urged to read
the Schedule�TO, including the Offer to Purchase, and related materials
because they contain important information.
Dell�Inc. (NASDAQ: DELL) listens to customers and delivers innovative
technology and services that give them the power to do more. For more
information, visit www.dell.com. You
may follow the Dell Investor Relations Twitter (News - Alert) account at: http://twitter.com/dellshares.
To communicate directly with Dell, go to www.dell.com/dellshares.
Dell is a trademark of Dell Inc.
Dell disclaims any proprietary interest in the marks and names of others.
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