Wednesday 24 July 2013

Dell Shareholders Vote Today — Here's A Quick Refresher On The Deal To Take The Company Private

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ROUND ROCK, Texas (Reuters) - Dell Inc shareholders converge on Texas on Wednesday to vote on CEO Michael Dell's $24.4 billion buyout offer for the company after a previous meeting was pushed back a week in the hope of convincing dubious investors to accept the deal.
A meeting called last week at Dell's headquarters on the outskirts of Austin was adjourned within minutes after the company founder and his private equity partner, Silver Lake, failed to secure enough votes to take the No.3 PC maker private.
Unless it is postponed again, Wednesday's vote could decide the fate of the struggling company. Founder MichaelDell wants to take it private, arguing that a painful restructuring can best be performed away from Wall Street's scrutiny.

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