Dell Vote Tally Hints At Big Appraisal

Law360, New York (September 18, 2013, 6:14 PM EDT) -- The official tally from Dell Inc.'s $25 billion buyout vote is in, with two main takeaways: Resetting the record date is a remarkably effective way to cut out abstentions, and Dell's appraisal action may end up being one for the history books.

Excluding CEO Michael Dell's 15 percent stake, about 734 million shares, or 62.6 percent of all ballots cast, voted in favor of the deal. Another 400 million, about 34 percent, voted against. The remaining 39 million, or 3.3 percent, abstained.

The vote, held Sept....
To view the full article, register now.