A Long Shot For Dell: Switch To Tender Offer

Law360, New York (July 19, 2013, 7:39 PM ET) -- Nearly one-quarter of Dell Inc.'s shareholding did not cast a ballot in this week's crucial buyout vote, and the board has adjourned the meeting in the hopes of convincing some of them to do so.

But there's another option: Forget about them.

By converting the $24.4 billion deal from a one-step merger to a tender offer, Dell could ask current stockholders, rather than those who held as of the June 3 record date, to sell their shares. It's a bold move, especially if it comes with...
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