Dell Delays Buyout Vote To Rally Support

Law360, New York (July 18, 2013, 9:56 AM EDT) -- Dell Inc.'s board delayed a vote on its $24.4 billion buyout early Thursday, saying it needs more time to rally support from a shareholder base holding out for more. 

Dell said it will push its stockholder meeting until July 24, avoiding the hard-stop of a failed vote and giving its buyers, CEO Michael Dell and private equity firm Silver Lake Partners, and its board more time to put together support needed to approve the deal, which many have said undervalues the company. 

Despite several large holders...
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