Home > Latest News > Dell Board Bars Rule Change

Dell Board Bars Rule Change

Dell Board Bars Rule ChangeThe committee declined to change rules that count abstentions as “No” votes, as Dell and his partner in the deal, private-equity firm Silver Lake, requested last week.

But the committee offered to change the “record date” governing which shareholders can vote, in exchange for the buyout group’s earlier proposed 10-cent rise in the price it is offering shareholders.
The special committee also said yesterday it was willing to hold the vote today – Friday US time – as scheduled on the original offer of $13.65 a share under the original rules and the original record date.