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Dell to lavish more on PCs, tablets after $25 billion buyout win

By Poornima Gupta AUSTIN, Texas (Reuters) - Michael Dell clinched shareholders' approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of bitter conflict with the company's largest investors and removing the uncertainty shrouding the world's No. 3 PC maker. The company plans to invest in the personal computer and tablet markets, in expanding sales coverage and in growing its distribution network, founder and Chief Executive Michael Dell said in a conference call after the shareholder vote.

Icahn ends fight for PC maker Dell days before shareholders vote on founder's buyout offer

Billionaire investor Carl Icahn is giving up his bitter takeover fight for Dell Inc. a few days before shareholders are scheduled to consider the latest buyout offer from the struggling computer maker's founder Michael Dell. Icahn said Monday in a letter to shareholders that he still thinks Michael Dell's bid to take his company private undervalues the business and freezes shareholders out of any future gains. But Icahn also said it would be "almost impossible" to defeat that offer in a vote scheduled for Thursday.

Dell's quarterly profit plummets amid buyout brawl

By Edwin Chan SAN FRANCISCO (Reuters) - Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral. Dell, which once led the world in computer sales and was held up as a model of production-chain innovation, is increasingly resorting to price cuts to soothe customers nervous about its future and to spearhead a late foray into the enterprise computing market.

For Dell, buyout uncertainty adds to poor PC sales outlook

By Poornima Gupta SAN FRANCISCO (Reuters) - Months of public bickering, secretive backroom negotiations and eleventh-hour deals for control of Dell Inc belie the fact that the combatants are vying for a company facing steadily declining sales prospects. The tussle between Chief Executive Michael Dell and firebrand activist investor Carl Icahn is also starting to spook some customers.

Icahn sues Dell in latest attempt to foil buyout

By Poornima Gupta (Reuters) - Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker's founder and CEO Michael Dell. Icahn asked a court to block rule changes Michael Dell has proposed ahead of a shareholder vote set for Friday. Icahn and his affiliates also want the court to stop Dell from changing the record date by which shareholders must have purchased their shares in order to vote.

Some Dell swing shareholders ready to compromise: sources

By Nadia Damouni, Nicola Leske and Greg Roumeliotis NEW YORK (Reuters) - Some of Dell Inc's <DELL.O> largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would back the deal at the buyout group's latest offer price, three sources close to the matter said.

Dell board rebuffs Michael Dell's proposed change on buyout vote, jeopardizing deal

SAN FRANCISCO - Dell's board rejected CEO Michael Dell's attempt to change the voting rules for his bid to buy the slumping personal computer maker, a decision that is likely to doom the deal. But the endangered buyout could still get a reprieve if Michael Dell and his allies accept a counterproposal that would extend the voting period for a third time and allow a bigger pool of shareholders to cast ballots.

Dell's buyout teeters as it rejects voting change

By Greg Roumeliotis NEW YORK (Reuters) - Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more. Dell shares fell more than 4 percent to as low as $12.28, their lowest level since news of the takeover broke on January 14, highlighting uncertainty among shareholders about the deal's prospects. They closed down $1.6 percent at $12.66.

Icahn contests voting condition in latest buyout offer from Dell founder

Billionaire investor Carl Icahn is renewing his attack on Michael Dell's leadership and warning that the latest offer from Dell to buy the struggling PC maker he founded bypasses an important shareholder safeguard. Icahn and the investment firm Southeastern Asset Management said Monday in a letter to a special committee of Dell Inc. board members that Michael Dell wants to circumvent the voting process behind a deal by preventing stockholders from passively rejecting his offer.

A look at 2 plans for Dell's future, including $24.6 billion offer from Michael Dell group

Dell Inc. delayed Wednesday's vote on founder Michael Dell's plan to take the computer maker private. The postponement came after Michael Dell and Silver Lake Partners sweetened their earlier $24.4 billion bid by about $150 million, or 10 cents per share. The Round Rock, Texas, company is now giving shareholders until Aug. 2 to consider the offer, which works out to $13.75 per share. A special meeting is scheduled to begin at 9 a.m. CDT (10 a.m. EDT).
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