Latest Business News: Dell Committee Rejects Michael Dell Voting Change

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Latest Business News: Dell Committee Rejects Michael Dell Voting Change

by Wochit 0:54 mins

Latest Business News: Dell Committee Rejects Michael Dell Voting Change

by Wochit 0:54 mins

A Dell board committee is rejecting a voting rule change behind Michael Dell's increased offer to buy out the struggling PC maker he founded. A group led by Michael Dell and the investment firm Silver Lake Partners recently raised its bid to buy out Dell's other shareholders by a dime, to $13.75 per share Stock futures were mixed in very light trading with most investors in a holding pattern ahead of a statement from the U.S. Federal Reserve. Wall Street lacked direction as it awaited the week?s main economic news, and the stock market wandered between slight gains and losses before closing barely higher. Traders were especially disinclined to make big bets before the Federal Reserve issues its policy statement

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