Dell postpones meeting on buyout as more votes needed

Dell founder and CEO Michael Dell delivers his keynote address at Oracle Open World in San FranciscoBy Nadia Damouni and Anna Driver ROUND ROCK (Reuters) – Dell Inc postponed a shareholder vote on its CEO's $24.4 billion buyout offer to Wednesday after failing to get enough support to seal the deal, despite winning over several large investors at the eleventh hour. The adjournment of the meeting, called minutes after shareholders gathered on the outskirts of Austin to decide on what could be the largest buyout since the financial crisis, buys time for co-founder and Chief Executive Officer Michael Dell to persuade naysayers to switch sides. …

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Dell postpones meeting on buyout as more votes needed

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