CalPERS voted its Dell Inc. shares in support of the joint buyout proposal by Michael S. Dell and Silver Lake Partners, revealing for the first time Wednesday how it voted its 6.3 million shares in the company, according to a statement from the $260.9 billion pension fund.
The disclosure by the California Public Employees' Retirement System, Sacramento, comes after Carl Icahn and Southeastern Asset Management on Monday gave up their joint effort for control of Dell, even though they announced they continue to oppose the shared buyout proposal of the company, an offer that resulted in pension funds lining up on different sides of the issue.
The Dell meeting on the buyout is scheduled for Thursday after it was rescheduled from three earlier dates as Mr. Dell and Silver Lake sought to win more support and the company changed the voting rules.
