AUSTIN, Texas, Sept 12 (Reuters) – Michael Dell clinched
shareholder approval on Thursday for his $25 billion offer to
buy and take Dell Inc private, ending months of
conflict with the company’s largest investors and removing the
uncertainty surrounding the world’s No. 3 PC maker.
Shareholders cast their votes at a special meeting on
Thursday morning in Austin, Texas. Based on preliminary results,
the buyout won their go-ahead and the deal is expected to close
before the end of Dell’s fiscal third quarter.
Spotted at Dell meeting, JP Morgan wheeler dealer supreme Jimmy Lee.
Media to Michael Dell: How are you feeling? Michael Dell: “Great” Media: What do you think? Michael Dell: “Great”
Dell buyout approved $DELL
Dell taking 5-10 minute recess and we get to see a company video!
Dell will NOT announce results of the voting at the end of meeting as they say it will take time to tabulate. Press release to come later.
Heading over to Dell HQ soon for some buyout fun. Only 97 degrees today in Round Rock, Texas!
AUSTIN, Texas (Reuters) – Michael Dell is expected on Thursday to clinch shareholder approval for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company’s largest investors and removing uncertainty that has clouded the world’s No. 3 PC maker.
Dell, who founded the company from a college dorm-room in 1984, fought for months to convince skeptical investors his offer was the best option. This week, he gained the upper hand after one of his staunchest opponents, activist investor Carl Icahn, bowed out of the conflict because he said it was “impossible to win.