Michael Dell faces setback as committee denies request for rules change

07/31/2013 | PCWorld · New York Times (tiered subscription model), The · Reuters · ZDNet

A special committee created by the board of directors of Dell has shot down a request by founder Michael Dell and investment firm Silver Lake Partners to change the voting rules for approving their bid to acquire the company. Dell and his bidding partner added $150 million to the pot, bringing their total bid to $24.6 billion on the condition that abstaining votes not be counted against them. The rejection amounts to a potentially serious setback to Dell's plan to turn the company around by taking it private, writes Agam Shah of IDG News Service.

View Full Article in:

PCWorld · New York Times (tiered subscription model), The · Reuters · ZDNet

Published in Briefs:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
VP of Video Content Distribution
Calkins Media
Levittown, PA