Dell Postpones Vote on Sale

Dude! You’re not getting a Dell just yet. After five months of testy negotiations over the proposed $24.4 billion buyout of Dell Inc. by a consortium of private-equity firms and founder Michael Dell, the PC maker’s board has pushed back a shareholder vote to next Wednesday. The move comes as big stockholders like Vanguard, BlackRock, and State Street have shifted their positions to oppose the deal—an effort to get Michael Dell and buyout partner Silver Lake to offer a higher price. Dell has said he wants to bring the company private so that it can shift away from the dying PC market, but opponents fear that if the transformation is successful, the current offer of $13.65 a share will cut them out of future gains.