After months of mounting anticipation, Dell on Thursday delayed a critical vote that will decide its future. Specifically, the scheduled special meeting of stockholders — originally intended to vote on Michael Dell’s proposed buyout of the company for US$24.4 billion — was convened and adjourned to provide additional time to solicit proxies from Dell stockholders, the company announced. Under this plan, which Dell announced in February, the PC maker would be acquired by its founder and investment firm Silver Lake for $13.65 a share.
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Dell, Icahn Slug It Out on Thin Ice
Posted by: Peter Suciu July 18, 2013 05:51 PMAfter months of mounting anticipation, Dell on Thursday delayed a critical vote that will decide its future. Specifically, the scheduled special meeting of stockholders — originally intended to vote on Michael Dell’s proposed buyout of the company for US$24.4 billion — was convened and adjourned to provide additional time to solicit proxies from Dell stockholders, the company announced. Under this plan, which Dell announced in February, the PC maker would be acquired by its founder and investment firm Silver Lake for $13.65 a share.