Posted Jul. 18, 2013 at 6:26 a.m.

Premium Lock Michael Dell's $24.4B buyout plan for Dell faces nail-biter vote

Published: 2013-07-18 06:26:28
Updated: 2013-07-18 06:26:28

Michael Dell gambles he can turn around his company Michael Dell, chairman and chief executive officer of Dell Inc., speaks to fellow delegates in the Congress Center on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 25, 2013. Photographer: Jason Alden/Bloomberg

The run-up to the vote on Michael Dell's $24.4 billion proposal to acquire Dell has turned into a nail-biting game of chicken that has left Dell's side racing to lobby shareholders who consider the bid too low. Rather than ending with a victory dance for Dell, today may yield a decision to postpone the vote deadline to give him and private-equity firm Silver Lake Management LLC more time to convince investors of the merits of the leveraged buyout - or to simply increase the $13.65-per-share bid....

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