Dell's Options: Stand Pat, Or Borrow From These Boards

Law360, New York (July 18, 2013, 4:41 PM ET) -- Dell Inc. on Thursday postponed a vote on its $24.4 billion management-led buyout, signaling it needed more time to round up support from shareholders.

The delay gives the board and buyers Michael Dell and Silver Lake Partners six days to either agree on something higher than $13.65 per share — unlikely, most insiders say — or for the buyout group declare its offer “best and final,” hoping to end the game of chicken some investors appear to be playing.

The technology giant is hardly the first...
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