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VOL. 128 | NO. 161 | Monday, August 19, 2013

Judge Won't Fast-Track Icahn Claim Against Dell

RANDALL CHASE | AP Business Writer

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WILMINGTON, Del. (AP) – A Delaware judge has refused to fast-track a trial on billionaire investor Carl Icahn's claims that Dell Inc. directors have breached their fiduciary duties in scheduling a vote on founder and CEO Michael Dell's bid to take the embattled computer maker private.

Dell's board has scheduled a shareholder vote on Michael Dell's $24.8 billion buyout offer for Sept. 12, followed by an overdue annual meeting on Oct. 17.

Icahn wanted the merger vote and annual meeting held the same day. He says that would give shareholders a chance to vote on a rival board slate he would offer in support of his alternative proposal that he says would be better for shareholders.

But the judge said Friday that Icahn has offered no proof warranting an expedited trial.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 296 16,341
MORTGAGES 89 356 21,366
FORECLOSURE NOTICES 6 61 4,251
BUILDING PERMITS 199 701 39,202
BANKRUPTCIES 50 234 15,482
BUSINESS LICENSES 21 78 5,471
UTILITY CONNECTIONS 54 354 23,505
MARRIAGE LICENSES 8 78 5,018

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