ROUND ROCK, TEXAS/SAN FRANCISCO (Reuters) – Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) shareholders convene for a third time on Friday to vote on CEO Michael Dell’s $24.4 billion buyout, helping decide the fate of the No. 3 PC maker after months of dueling with Carl Icahn and other unhappy investors.
The meeting in Round Rock, Texas, comes after two previous adjournments, when the company wasn’t certain of gaining enough votes for what would be the largest buyout since the financial crisis.
(Reuters) – Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker’s founder and CEO Michael Dell.
Icahn asked a court to block rule changes Michael Dell has proposed ahead of a shareholder vote set for Friday. Icahn and his affiliates also want the court to stop Dell from changing the record date by which shareholders must have purchased their shares in order to vote.