Dell majority shareholders meeting vote for Michael Dell’s plans to buyout the company for $24.9 billion and take it private

Dell Headquarters
Michael Dell will be pleased with the special meeting of stockholders that have voted to approve the $24.9 billion buyout deal which comes from a partnership between Michael Dell and Global technology investment firm Silver Lake Partners.

“I am pleased with this outcome and am energized to continue building Dell into the industry’s leading provider of scalable, end-to-end technology solutions,” said Michael Dell, chairman and CEO of Dell. “As a private enterprise, with a strong private-equity partner, we’ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.”

Dell are expecting the deal to close in Q3 of Dell’s 2014 fiscal year with stockholders receiving $13.75 per share of common stock which includes a special cash dividend of $0.13.

Craig O'Sullivan

Creator of Passionate about Technology and always looking for that next cool gadget or app

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