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Dell buyout secures crucial backers on eve of vote -source
July 18, 2013 / 12:57 PM / 4 years ago

Dell buyout secures crucial backers on eve of vote -source

NEW YORK, July 18 (Reuters) - Several large shareholders including Vanguard Group Inc and BlackRock Inc voted in favor of Michael Dell and Silver Lake’s deal to take Dell Inc private, but the proposal is still short of shareholder votes, a person familiar with the matter said.

Other big investors previously seen as swing votes, such as State Street Corp, Bank of New York Mellon Corp and Invesco also voted their shares in favor of the deal on Wednesday night, the eve of the shareholder meeting, the person said.

The deal still needed another 150 million shares to pass as of Thursday morning, but votes were still coming in and the tally could change before voting ends, the person said.

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