Court hearing on Icahn's Dell buyout block set for Friday Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from …
Hey lets sue the guys we're trying to get to vote in our favour. That'll work wonders!
I agree with Dells keeping the current board play from a business point of view. The last thing you want is a large reshuffle of the board when a big deal is potentially going under. Moreso when you consider that afte ra board change, a lengthy process in some cases, and potentially costing a bit, they may all be made redundant anyway (private buyout)
Can't imagine why an abstention was ever considered equal to a no vote in the first place, an abstention is plainly "don't care either way" so should not be assigned to either Yes or No but I suppose tallied up with the spoilt ballots.
Anyway it's ripe for corruption, all you have to do is word the votes so a "no" is the desired outcome and you can get what you want almost every time.
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