Some Dell (DELL.O) who abstained $ $ 2.44 billion bid founder Michael Dell (Michael Dell), led by the third-largest PC manufacturer to take a private company's board, said this week the biggest investor They will return a large number of acquisitions the Group's latest offer, three sources close to the matter said.
Even if the change of heart of the Special Committee, Dell's Board of Directors on Wednesday rejected the new terms of the voting rights of a revised bid by Michael Dell and private equity partners, Silver Lake, which presents its own last week, the price offered by a dime to Conditions of $ 13.75 per share voting rules changed. Currently, shareholders who abstained counted vote against the transaction, but the acquisition of Group hopes that these investors were excluded from the tally.
- Was estimated to account for about 27 percent of the blocks - can determine the outcome.
Dell's acquisition of the Special Committee rejected the group's request because it did not want to change voting rules. However, sources said some shareholders compromise means the deal will be approved, if Michael Dell agreed to pay $ 13.75 per share, and the revised record date.
A vote has been postponed twice, is now scheduled for Friday, sources said, another recess is unlikely. The Special Committee has said it will offer the original shareholders vote share up to 13.65 per dollar.
Investors who are willing to change their minds, or how many shares they own can not be learned in a number of Dell. But now their intention to vote shows three-way stalemate has dragged on for several months, and the computer manufacturer's future in jeopardy, may not be broken, even if Wednesday posture buyout group and the Special Committee sclerosis.
A source familiar with the matter said, Silver Lake camp deeply disappointed with the response of the Special Committee, expects the deal to collapse.
Special Committee and the acquisition of the Group's representatives declined to comment.
The growing popularity of tablet PCs, Dell in its core PC business has been facing down. Analysts said Dell's shares closed at $ 12.66 per share, you can see a sharp decline, if the bid fails.
Billionaire investor Carl Icahn (Carl Icahn), one of Dell's largest shareholder, has made a counter proposal, where he will have a big deal for Dell, he said, would be worth $ 14 per share plus warrants investors share buybacks. He is behind the fund manager Southeastern Asset Management Company and T Rowe Price. Three remain nearly 17 percent of Dell, according to Thomson Reuters data.
A source close to Icahn and the Southeast, said the next step may lead to an appointment of new board members is an annual meeting.
Southeast spokesman declined to comment.
But a source close to the Special Committee that there are more and more attention, Dell may find themselves in dire straits, if the acquisition of the Group's proposal was rejected.
Protracted battle, which means shareholders increasingly frustrated.
"I'd rather see an up or down vote than to see this dragged out, and said:" High Pointe Capital Management, investors in the Dell CEO Gautam Dhingra. "I hope they simply refuse to vote for 10 cents and the terms of the changes."
Dhingra said: "I will not try to predict what will happen, because they are so unpredictable on Friday."
 



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