Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Dell Adjourns Special Meeting Of Stockholders Until July 24

Personal computer maker Dell Inc. (DELL: Quote) announced Thursday that a Special Meeting of Stockholders was convened and adjourned till July 24 to provide additional time to solicit proxies from Dell stockholders. No vote was taken on the proposed transaction prior to the adjournment and the record date for stockholders entitled to vote remains June 3, the company noted.

The Special Meeting will reconvene on July 24, 2013 at 5 p.m. Central Daylight Time at the Dell Round Rock campus, Building No. 2, Houston-Dallas conference room, 501 Dell Way, Round Rock, Texas 78682.

Tuesday, Special Committee of the Board of Dell recommended its shareholders to reject Carl Icahn's proposal for a $15.6 billion self-tender by the company at $14 per share. The committee believes that it is unwise to layer substantial financial risk on a company already facing significant challenges from competition and from the rapid pace of technological change.

Earlier this month, reports said that Michael Dell, founder and chief executive officer of Dell Inc. and private equity firm Silver Lake Partners decided not to increase their $24.4 billion offer to take the company private.

At May-end, Dell's special committee had unanimously recommended that stockholders vote to approve the company's merger deal with Michael Dell and Silver Lake, at a special meeting.

DELL is currently trading at $13.34, down 0.07 percent.

Register
To receive FREE breaking news email alerts for Dell Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.