Dell Buyout: Special Committee Consider Delaying Shareholder Vote

Dell special committee of the board is reportedly considering delaying the July 18 shareholder vote on the $24.4 billion buyout plan. Serena Saitto of Bloomberg in a report indicated the special committee is likely to make a decision by the morning of July 18, if majority of votes are cast against the buyout proposal. Carl Icahn’s Sweetened Offer Last week, activist investor Carl Icahn sweetened his offer by offering a warrant to his offer for Dell Inc. (NASDAQ:DELL). This new offer would imply Dell shareholders would derive greater value, if the stock hits $20 per share. Warrants are a common…