How Many Times Has The Vote Been Delayed?
Including Friday, the vote has been postponed three times. The original shareholder vote was scheduled for July 18. Dell postponed the vote to July 24 to give stockholders additional time to submit their proxies.
The July 24 buyout was postponed to Aug. 2 when the Dell special committee overseeing the vote considered a new offer by Michael Dell and Silver Lake. CEO Dell offered to boost his offer by 10 cents per share -- from $13.65 to $13.75. The price increase, however, was contingent on the approval of new shareholder voting rules that would not count absentee votes as "no" votes.
Dell's special committee overseeing the shareholder vote rejected Michael Dell's offer on July 31.