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The Boston Globe


Dell board won’t change rules on buyout vote

NEW YORK — Michael S. Dell’s effort of several months to buy the company that bears his name was thrown into jeopardy Wednesday, as a special committee of the computer maker’s board refused his demand to change the voting rules on the huge buyout.

Dell shareholders are set to decide the fate of the deal on Friday, absent an 11th-hour change of heart from either the board or Dell and his partner, the investment firm Silver Lake. As it stands, the offer of $13.65 a share, or a total of $24.4 billion, to take the company private, is likely to lose the shareholder vote, people close to both sides say.

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