Business Latest News: Dell Sees Buyout Vote as Too Close to Call, Mulls Delay: Source

Wochit 1:01 mins

A person familiar with internal discussions said that Dell may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote scheduled for the 18th too close to call. An odd thing happened after data showed that the homebuilder confidence index rose to its highest level in almost eight years - housing stocks barely moved on the news. Wary of rising mortgage rates, investors are choosing to stay on the sidelines rather than celebrate indications of a firming economic recovery. Regulatory and banking sources said,Lloyds Banking Group was told in December 2011 that the Co-operative Bank did not have a "feasible and sustainable capital plan" to buy more than 600 branches from Lloyds

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