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Dell Latest News: Dell Buyout Consortium Sees Deal Collapsing

Wochit 1:00 mins

Dell Incorporated CEO Michael Dell and his private equity partner Silver Lake expect their deal to buy the Number 3 PC maker to collapse, a source familiar with the matter said. That is, unless the company's special committee changes how votes on the transaction are counted. A Dell board committee is rejecting a voting rule change behind Michael Dell's increased offer to buy out the struggling PC maker he founded. A group led by Michael Dell and the investment firm Silver Lake Partners recently raised its bid to buy out Dell's other shareholders by a dime, to $13.75 per share Dozens of major U.S. companies, including Morgan Stanley, Google, Wal-Mart and Dell, on Tuesday urged lawmakers to pass bills that they said would protect new products against "extortive demands" on patents.

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