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BREAKING- Dell Meeting Rescheduled for July 24

According to reports, Dell (NASDAQ: DELL) has rescheduled its shareholder meeting for July 24 at 5 p.m. Texas time.

What looked like a sure win for Michael Dell has now gone against him as Icahn has sweetened the offer. There are two outcomes that could take place on July 24:

1) Michael Dell’s offer could gain shareholder approval. If that happens, Icahn has vowed to fight it in court.

2) The offer could be voted down- Icahn would then start a battle to remove the board and get his own slate of directors voted on to the board.

Icahn was at CNBC’s Delivering Alpha conference Wednesday and said that Dell’s board was unlike any he has worked with in the past. He thinks that postponing the vote is a symptom of what is wrong with corporate governance in the United States.

[stock-tools exchange="NASDAQ" symbol="DELL" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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