Dell Committee Said to Seek at Least $14 a Share for Buyout

Dell Inc.’s special committee is said to be seeking at least $14 a share from Michael Dell to cement the computer maker’s takeover, leaving them at an impasse after the founder said $13.75 was his best and final offer.

At $14, Dell’s special committee is open to a voting rule change proposed by Michael Dell and Silver Lake Management LLC that would give them enough shareholder support for a deal, according to a person familiar with the situation, who asked not to be identified because the matter is private. Dell’s shares were little changed in New York trading, closing at $12.92 -- a sign investors are concerned an agreement won’t be reached.