Dell said it will hold a special meeting for shareholders on July 18 to vote on a proposed $24.4 billion buyout led by founder and Chief Executive Michael Dell, setting up a possible showdown with billionaire Carl Icahn.
A special committee of Dell's board also issued a letter to shareholders recommending that they vote to approve the deal.
Activist investor Carl Icahn and Southeastern Asset Management Inc have mounted a rival bid.
- Icahn in Proxy Battle Over Dell
- Dell Earnings Fall Short of Estimates; Sales Beat
- Whale Watch: Hedgies Dump Apple
- Hedge Funds
image: © michandryan