Ahead of Dell Vote, Buyout Group Press Shareholders
Efforts to complete the controversial sale of Dell Inc. entered a heated new phase in recent days, as Michael Dell personally met with big stockholders and as Dell’s board pitched small investors ahead of a rescheduled stockholder vote.
After months of trying to persuade shareholders on the merits of the deal, Dell’s board last week adjourned a shareholder vote on Thursday to buy more time to convince Dell stockholders to cast their ballots or change earlier “no” votes in favor of the $24.4 billion buyout proposed by Mr. Dell and his private-equity ally, Silver Lake.
Meanwhile, Dell investors and the company’s board are playing a waiting game to see what, if anything, the Mr. Dell-Silver Lake group will do before the new shareholder election on Wednesday.
