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Large Dell Shareholders to Vote Against Buyout

Published on July 17, 2013
by Sharon Terlep and David Benoit

Some of Dell Inc.’s biggest institutional shareholders are expected to vote against a proposed buyout of the computer maker, people familiar with the matter said, a blow for deal proponents who felt that this group of investors would likely favor a deal.

Vanguard Group, State Street Corp. and BlackRock Inc., which collectively hold nearly an 11.4 percent stake in the computer maker as of the latest public filings, have signaled they will oppose the deal, one of the people said.

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