News Summary: Dell sticks with voting rules deal

News Summary: Dell's board refuses to make it easier for Michal Dell to win buyout approval

Associated Press

ENDANGERED DEAL: Dell Inc.'s board refused CEO Michael Dell's request for a change in how the votes are counted in the shareholder balloting on his bid to buy the struggling personal computer maker. The decision announced Wednesday will make it even more difficult for the buyout to win the necessary approval from shareholders.

THE OFFER: Michael Dell and his main backer, Silver Lake Partners, agreed to buy the company at $13.65 per share and then upped the ante by a dime per share last week.

NEXT STEP: Dell will hold a vote on the original offer Friday or delay the meeting if Michael Dell keeps the higher bid on the table.

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