Daily News: August 1, 2013

Dell Rejects Buyout Group’s Proposal to Change Voting Rules


The Wall Street Journal reported that a special board committee of Dell rejected a request from Michael Dell to change the voting rules on his buyout offer.

The Journal said that the committee left open a window to help save the proposed takeover by offering to change the “record date” governing which shareholders can vote, in exchange for the buyout group’s earlier $0.10 per-share increase.

To read the Wall Street Journal story click here.