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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

By Anthony Garreffa on Jul 18, 2013 12:27 am CDT - 0 mins, 33 secs reading time

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.

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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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:zdnet.com

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