Latest Business News: Dell Buyout Vote Approaches, Scenarios Emerge, And They're Not Pretty

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Latest Business News: Dell Buyout Vote Approaches, Scenarios Emerge, And They're Not Pretty

Latest Business News: Dell Buyout Vote Approaches, Scenarios Emerge, And They're Not Pretty
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Latest Business News: Dell Buyout Vote Approaches, Scenarios Emerge, And They're Not Pretty

by Wochit 1:09 mins

Michael Dell and Carl Icahn both face the very real prospect that neither could get what they want. Executives at Dell are beginning to make contingency plans for the possibility that the $24.4 billion buyout plan proposed by CEO Michael Dell and the private equity firm Silver Lake will fail a shareholder vote on July 18. Another solid month of hiring in June could signal the start of a stronger second half of the year for the U.S. economy. Economists predict that the government will report that employers added 165,000 jobs last month, roughly in line with May's increase. Samsung shares tumbled almost 4% as the company announced record second-quarter earnings that still missed analysts' sky-high consensus. The South Korean consumer electronics giant estimates that second-quarter 2013 profit came in at a record-high $8.3 billion on $50 billion in revenue, but analysts were looking for a quarterly profit of more than $8.9 billion.

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