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Technology Stocks : Dell Technologies Inc.
DELL 163.52-0.8%3:59 PM EDT

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To: hdl who wrote (176348)7/17/2013 7:58:52 PM
From: Sr K   of 176387
 
TECHNOLOGY | Updated July 17, 2013, 7:46 p.m. ET

Dell Buyout Pushed to Brink
Large Shareholders Expected to Reject Deal

By SHIRA OVIDE, SHARON TERLEP and DAVID BENOIT

Dell Inc.'s DELL $24.4 billion buyout plan was foundering late Wednesday evening, as a group of big investors signaled their intent to vote against a deal that would remove the technology icon from the public markets.

The new opposition from Vanguard Group Inc., State Street Corp. STT and BlackRock Inc. BLK pushed the deal to a new level of brinkmanship, forcing Michael Dell and his backers to either sweeten the transaction or risk seeing the deal fail.

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wsj.com
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