It’s done and dusted. News.com is reporting that Michael Dell has won the vote to take the company private:
Under the terms of the deal, Michael Dell and Silver Lake will commence a $25 billion buyout of all the remaining shares the investors do not own. The sum is made up of a sale price of $13.75 per share, as well as a 13-cent special dividend. Dell initially offered $13.65 per share.
And:
In a statement on the vote, Michael Dell said that he was “pleased” with the shareholder vote, adding that the vote will now allow his company to move forward to “serve our customers.”
Of course this would not have been possible had it not been for Carl Ichan throwing in the towel. The deal will close at the end of fiscal Q3. The various regulatory parties will have to approve this as well, but that should not be a problem.
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Dell Shareholders Approve Taking Company Private
It’s done and dusted. News.com is reporting that Michael Dell has won the vote to take the company private:
Under the terms of the deal, Michael Dell and Silver Lake will commence a $25 billion buyout of all the remaining shares the investors do not own. The sum is made up of a sale price of $13.75 per share, as well as a 13-cent special dividend. Dell initially offered $13.65 per share.
And:
In a statement on the vote, Michael Dell said that he was “pleased” with the shareholder vote, adding that the vote will now allow his company to move forward to “serve our customers.”
Of course this would not have been possible had it not been for Carl Ichan throwing in the towel. The deal will close at the end of fiscal Q3. The various regulatory parties will have to approve this as well, but that should not be a problem.
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This entry was posted on September 12, 2013 at 12:18 pm and is filed under Commentary with tags Dell. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.