Dell Heads Into Do-Or-Die Buyout Vote With Thin Margin

Law360, New York (July 17, 2013, 6:40 PM EDT) -- Thursday’s vote on the fate of Dell Inc.’s $24 billion buyout looks to be a tight one, with more than 20 percent of shares lined up for a "no" vote and the deal’s biggest supporter neutralized.

CEO Michael Dell, who founded the company in his dorm room 27 years ago, cannot vote his 16 percent stake in favor of the deal, a protection won by the board’s special committee during negotiations last winter.

On the other side, Carl Icahn and Southeastern Asset Management Inc., who have...
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