Dell (DELL) May Delay Vote to Garner More Takeover Support; Bid Won't be Raised

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Go back to Dell (DELL) May Delay Vote to Garner More Takeover Support; Bid Won't be Raised

Dell (DELL) Shareholder Meeting Begins

July 18, 2013 9:14 AM EDT

Dell, Inc. (NASDAQ: DELL) on watch as its shareholder meeting begins. The stock is up in early trading.... More

Dell (DELL) Special Committee Does Not See New Icahn Offer as 'Superior'

July 16, 2013 5:07 PM EDT

The Special Committee of the Board of Dell Inc. (Nasdaq: DELL) today issued the following letter to stockholders:

Dear Stockholders:

We are writing to update you regarding our evaluation of the various leveraged recapitalization transactions that Carl Icahn has proposed, including the most recent version put forth at the end of last week, and to make some observations about leveraged recapitalizations more broadly.

The basic concept that Mr. Icahn has proposed would be a $15.6 billion self-tender by the Company at a price for each share actually purchased of $14.... More

UPDATE: Dell (DELL) May Delay Shareholder Vote - Bloomberg

July 16, 2013 10:55 AM EDT

(Updated - July 16, 2013 11:04 AM EDT)

Dell's (Nasdaq: DELL) specially committee is considering delaying the July 18th shareholder vote on Michael Dell and Silver Lake partners offer, according to Bloomberg reporter Serena Saitto, citing sources. Reports earlier said a large number of shareholders oppose the buyout.... More