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RumorTT: Dell's shareholders could vote against the buyout

For a while now, Dell have been expected to go private, but their shareholders might put a stop to that

| Business, Financial & Legal News | Posted: Jan 1, 1970 12:00 am

Dell were meant to be going private, after various investor meetings and reports, but new reports are suggesting that the company might not be going private.

 

TweakTown image news/3/1/31775_03_rumortt_dell_s_shareholders_could_vote_against_the_buyout.png

 

The news comes from The Wall Street Journal, who is citing unnamed sources who are familiar with the deal, who state that at least three of the biggest shareholders groups are planning to vote against Dell CEO, Michael Dell, and his $24.4 billion buyout bid. These firms are said to be the Vanguard Group, State Street Corp., and BlackRock.

 

The vote won't happen until later today, but it looks like Dell could be in some trouble here if shareholders start rocking the boat.

NEWS SOURCES:Zdnet.com

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