Michael Dell, Silver Lake win shareholder OK for $25 billion buyout

Michael Dell Chairman and CEO of Dell Inc arrives for the launch event of Windows 8 operating system in New YorkBy Poornima Gupta AUSTIN, Texas (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. The company's pace of internal transformation should now quicken. …



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Posted by on Sep 12 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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