Dell seeks deal approval again PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 24 July 2013 06:32

ROUND ROCK, Texas (AP) — Now comes the moment of truth for the future of Dell Inc.

The Dell board hopes it has persuaded enough shareholders to back a $24.4 billion sale to a group led by CEO Michael Dell and buyout firm Silver Lake Partners.

Dell shareholders meet Wednesday evening for a special meeting to vote on the deal.

Billionaire Carl Icahn and investment firm Southeastern Asset Management have campaigned to defeat that deal. They say it's a bid by founder Michael Dell to seize control of the company at a sharp discount to its long-term value. Icahn and Southeastern have offered a more complicated alternative for the slumping PC maker, but they first need to block the deal with Michael Dell and replace the board.


Copyright 2013 The Associated Press.

 

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