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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