“In an action worthy of Vladimir Putin, Dell postponed a vote scheduled for last Thursday on Michael Dell’s proposed buyout of the company when it became apparent that there was insufficient shareholder support for the deal,” Andrew Bary writes for Barron’s.

“The new vote, scheduled for Wednesday, still looks tough for Dell to win, even if he agrees to a small increase in the deal price of $13.65 a share, because of what appears to be determined opposition from a sizable minority of shareholders and the unwillingness of a surprising number of Dell holders to cast votes in the contest,” Bary reports. “The buyout needs the support of about 42% of Dell investors… Despite an unprecedented five-month scare campaign that trashed Dell’s prospects, the Dell special committee appears to have come up with just about 36% of the vote.”

Bary writes, “There’s no need for Dell to be a private company to execute its turnaround. A sizable minority of Dell investors want to participate in its potential revival. They shouldn’t be denied that opportunity.”

Read more in the full article here.

MacDailyNews Take: Beleaguered Dell deserves an ignominious end.

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