Dell Asks Shareholders To Vote In Favor Of Michael Dell’s Deal

Posted on May 31 2013 - 5:40pm by Editorial Staff

The bid to who own the Dell finally seeing its true swing as the company going to hold a special meeting of the shareholders on July 18 and asking them to vote in favour of Michael Dell’s deal. This definitely breaks the heart of Carl Icahn [1] [2], who earlier this month offered a $24.4 billion Dell buyout deal.

According to the materials it has filed with the Securities and Exchange Commission (SEC), the company will allow its shareholders to approve the transaction of Michael Dell and investment firm Silver Lake. Now the offer stands as Michael Dell, the company’s Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire the company for $13.65 per share in cash.

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