BY THE WALL STREET JOURNAL
As of Thursday, about 77% of the shares eligible to count were
voted in the proposal to take Dell Inc. (DELL) private, according
to people familiar with the matter.
That figure doesn't include shares controlled by founder and
Chief Executive Michael Dell.
The turnout was lower than expected, the people said. That is
important because an abstaining vote counts as a "no" vote in this
deal.
Dell quickly adjourned a special shareholder meeting Thursday,
delaying the vote on the company's proposed $24.4 billion buyout by
Mr. Dell.
The meeting was convened at 8:12 a.m. CDT on the company's
campus in suburban Austin, Texas. It was adjourned a few minutes
later.
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