Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday July 28, 2013

Michael Dell Plans to Stay with Company After Vote

Just prior to the upcoming vote by Dell stockholders to approve a deal on taking the company private again, Michael Dell has announced his plans to stay with the company he founded no matter how the stockholders vote. The vote has been postponed several times already this summer over opposing bids and is scheduled for an August 2nd vote.

Shareholders were supposed to vote on whether to approve Michael Dell's offer, but that vote was postponed, and speculation surrounding it suggested that Michael Dell and his supporters weren't quite sure they had enough votes to gain approval.