Business and Industry

Dell Delays Board Vote on Taking Company Private

Need more time to rally support


Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support. Shares of Dell are up more than 2.4%.

The vote was scheduled at a special shareholders meeting at the company's headquarters in Round Rock, Texas. Dell called the meeting to order, then quickly adjourned it without a formal vote. It was rescheduled for July 24.