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Michael Dell Latest News: The Dell Vote Remains Too Close to Call

Wochit 1:05 mins

With Dell?s shareholders voting on whether they should take the Michael Dell and Silver Lake $24.4 billion deal for the PC maker, the battle for Dell remains too close to call.. Bloomberg reported that Dell Inc may delay by about a week a scheduled July 18 shareholder vote on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake. Citing a person with knowledge of the situation, Bloomberg said Dell's special board committee was considering the delay and would likely make a decision by the morning of July 18 based on whether enough votes have been cast to block the buyout. According to a report on CNBC, Blackrock, the world?s largest asset manager, which controls slightly more than three percent of Dell shares outstanding, has indicated it intends to vote against the buyout plan proposed by CEO Michael Dell and the private equity firm Silver Lake.

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