The Vote (So Far)
As of Thursday, about 77 percent of Dell votes had been cast with the exception of Michael Dell's shares, according to those familiar with matter. Michael Dell's shares are not being counted and the shares of non-voting shareholders will be counted as no-votes. Michael Dell owns 16 percent of Dell's shares.
More than 20 percent of Dell's shareholders -- including Blackstone, Southeastern Asset Management, T. Rowe Price, Pzenza Investment Management and Yachtman Asset Management -- have publicly said they are voting against Michael Dell's buyout, according to U.S. Security and Exchange Commission filings.
Michael Dell needs 42 percent of outstanding shares to support his deal. Dell counts Silver Lake Partners as a supporter of his deal and has won a meaningful endorsement from Institutional Shareholder Services, a group of influential investors.