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Dell provides raised, vote postponed to August 2

The purchase of Dell turns the saga. After an initial delay of one week, the special meeting of shareholders of the manufacturer Texan once shifted to August 2. Michael Dell and his partner, Silver Lake Partners raised their offer but under certain conditions.


Dell provides raised, vote postponed to August 2

Michael Dell Partners and Silver Lake Partners raised their proposal of 10 cents per share, valuing the company at 24.7 billion dollars. This new offering at  13.75 dollars per share has prompted the company to postpone the special meeting of shareholders for a second time on August 2 for the Special Committee of the Board evaluates the new offer.

However, the latest offer is subject to conditions. In a letter, both players want to change the voting requirements. They require the approval is done "by a majority of outstanding shares held by the shareholders present or represented." Clearly, they want only the present or represented capital is taken into account to calculate the result of the vote, and not all of the group's capital. Indeed, so far, white or absent votes were previously recorded as "no." Now for the first report, it appeared that a majority of shareholders were against the proposal of Michael Dell.

The move comes in response to the cons-offer made two weeks ago by Carl Icahn and South Asset Management at 14 $ per share, including warrants. Carl Icahn had expressed his disappointment after the first report to shareholders by writing a letter stating: "We believe that, after 6 months, the time for talking is over. It is time to vote and not to move again in the election as a banana republic. "
Dell provides raised, vote postponed to August 2 Dell provides raised, vote postponed to August 2 مراجعة من قبل Steven Raiss في 7:01 م تصنيف: 5