UPDATE 1-Icahn sweetens bid for Dell by adding warrants
(Adds detail on shareholder vote, share price)
July 12 (Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their bid for Dell Inc by adding warrants they say would increase the value of the offer to a range of $15.50 to $18.00 per share from $14.00.
Under the new offer, Dell shareholders would get $14.00 per share and a warrant for every four shares held. The warrant would entitle the holder to buy Dell shares for $20.00 each within the next seven years.
The move is Icahn's latest effort to block a $24.4 billion buyout offer, or $13.65 per share, from company founder Michael Dell and private equity firm Silver Lake.
Dell shareholders will vote on the offer July 18.
Michael Dell has said the company's shift from a computer maker to a provider of enterprise computing services is best done away from public scrutiny.
Icahn has argued that Michael Dell's offer undervalues the PC maker.
Dell shares were up 0.2 percent at $13.37 in early Nasdaq trading.
(Reporting by Supantha Mukherjee in Bangalore and Nicola Leske in New York; Editing by Saumyadeb Chakrabarty and Gerald E. McCormick)