It means DELL will seriously have to consider raising the offer to make this thing happen. Thank Carl, this is what he is banking on. A stroke of pure genius on Icahn's part forcing the DELL Board to raise the ante. We may see $14 on the deal.
I am sorry but as much sense as that makes, in this case the price action is telling you otherwise.
silver lake is on record that they will not increase, so its up to dell and he has already bumped it up several times.
the numbers are so bad I don't believe even he thinks he can save it at this point.
Delaying the vote only means that Michael and the board do not want to have their offer voted down. They will simply delay until they get the votes. If it's close, maybe they'll negotiate a new deal where Michael gets to vote his shares.