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Dell Considers Delaying Buyout Vote

Company said to be seeking a higher bid or more time to win shareholder support for the deal.

By Serena Saitto, Bloomberg | Updated on July 16, 2013

Dell Inc.’s special committee of the board is considering delaying the July 18 shareholder vote on the buyout by founder Michael Dell, seeking a higher bid or time to win support for the $24.4 billion deal, said a person with direct knowledge of the situation.

The committee is exploring a postponement of about a week, said the person, who asked not to be named because the process is private. The group is likely to make a decision by the morning of July 18 if the votes already cast against the buyout are enough to scuttle it, the person said. The June 3 record date, by which one had to invest to be entitled to vote, won’t change, said the person.

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