After months of discussion and groundwork, a board vote by the Dell shareholders finally put the company back solely in the hands of founder Michael Dell taking it private, fighting off a lucrative counteroffer from “Activist Investor” Carl Icahn. While the plans to bring Dell back private were already approved in July, setbacks via a series of postponements delayed proceedings. The final agreed package for the shareholders is US$13.75 per share with an additional US$0.13 dividend totalling US$24.9b. The final figures have not been officially released yet, but it has been said that 65% of votes were in favour of the buyout.
“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,” Michael Dell says in a statement following the vote. Michael Dell also said it (the deal) will “open an exciting new chapter for Dell, our, customers, and team members,” delivering “immediate value.”
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