Dell delays shareholder vote on going private until July 24th

Dell founder and CEO Michael Dell might try to boost his bid to take the company private.

In February, PC maker Dell announced a plan to take the company back to a private business, backed in part by a $2 billion investment by Microsoft. Today, a planned vote to either approve or vote down the deal by Dell's shareholders was delayed just before voting was supposed to begin.

AllThingsD.com reports that the the company moved for an adjournment of the meeting, which was held at Dell's headquarters in Round Rock, Texas, until July 24th. The adjournment follows reports that Dell's proposal was not going to get the thumbs up from the required 43 percent of the voting shareholders.

The delay could mean that Dell founder and CEO Michael Dell, along with his main financial partner Silver Lake, could take the next six days to change the minds of the company's shareholders. Dell could also boost their current offer, which at the moment stands at $13.65 a share.

Dell's shareholders already have an alternative offer to consider as billionaire Carl Icahn says he will offer them $14 for each of their shares while still keeping some of the company public.

Source: AllThingsD.com | Image via Forbes

Report a problem with article
Previous Story

Microsoft offering free year of Xbox Gold with new Office 365 subscription [Update]

Next Story

Microsoft's ads for Surface, Windows 8 and more boost overall tech ad spending

11 Comments

Commenting is disabled on this article.

Dell hasn't launched a decent device since years, or they launch device with so-so spec or they launch expensive device.

Brony said,
Dell hasn't launched a decent device since years, or they launch device with so-so spec or they launch expensive device.

eh? Not made anything decent in years.... You don't work in IT do you ;-)

What about their Win8 Tablets, all things considered I think you'll find the Latitude 10 superior over the Surface Pro (Removable Battery, 4cell gives 20hrs, Docking Station, Mobile Broadband). The next range due out soon will be even better running on the new intel chips. When you factor in price, any company would seriously consider dell when placing large orders.

They also do really great enterprise products.

What's wrong with their Blade servers or Equalogic fibre SANs?

They don't have to "launch" a device. They are not in the business of fancy and shiny devices. They are in the business of providing businesses stable and powerful computers. Their consumer models aren't where they make the majority of their money comes from. To stay profitable, they just have to keep upgrading their systems to meet the needs of their business clients.

majortom1981 said,
The latitude 10 is an atom device vs the surface which is a core I device.

Yes, and whilst it's MUCH faster it's also more expensive, heavier and significantly lower battery life which isn't removable. Pros and Cons really. Love the touch and type keyboards but again....no real docking station.

majortom1981 said,
Doesn't make the latitude superior. Maybe for enterprise but for home use I don't know.

That's thing the thing. Technology has moved at such a pace that for the majority of users, the atom processor is more than enough.

The biggest performance increase between the latitude and the surface pro IMHO is the cpus/chipsets ability to use SSD over eMMC. If the new atoms can use SSD (I think they can) then that in itself will be a major boost.

I reckon within the next ten years almost all home computers will be tablets docked to a large monitor

glen8 said,

eh? Not made anything decent in years.... You don't work in IT do you ;-)

You must be kidding about the Latitude 10. ;-)


And my first dell (business) was an Optiplex Pentium-pro (specifically this model : http://az413224.vo.msecnd.net/img/16936/m_s_p_16936_1.jpg )

I am worked with Optiplex, Latitude, Inspiron, Precision and XPS. However, and right now, when i do a evaluation, i usually pick another brand. Dell (for the end user) is too expensive and for business, HP usually gives a better deal, and if not, Lenovo does.

Dell used to be the cheaper of the market but not anymore. I miss the old-good Dell.


Brony said,

Dell used to be the cheaper of the market but not anymore. I miss the old-good Dell.
Dell...cheaper than HP... RIGHT. Not fooling anyone. HP has always been cheaper.

ILikeTobacco said,
Dell...cheaper than HP... RIGHT. Not fooling anyone. HP has always been cheaper.

I think he said they USED to be cheaper. They did.....Dell are definitely not the cheapest out there unfortunately :-( but yeah, I miss the dell of the old 90s 'sniff