Dell Inc. Postpones Buyout Vote To July 24

Dell Inc. (NASDAQ:DELL) postponed a shareholder meeting to vote on Michael Dell’s $24.4 billion buyout plan, with an eye on soliciting more proxy votes.

Nadia Damouni and Anna Driver of Bloomberg feel Michael Dell’s buyout plan failed to secure the required 735 million shareholder votes.

Dell Inc. buyout proposal fell short by 150 million shares

Citing known sources, the Bloomberg report disclosed the $13.65-per-share bid from Michael Dell and Silver Lake fell short of the target by 150 million...