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Dell Shareholders Approve $24.9B Private Sale to Michael Dell, Silver Lake Partners

by Todd Haselton | September 12, 2013September 12, 2013 8:00 am PST

michael-dell

Dell shareholders on Thursday approved a deal with Michael Dell and Silver Lake Partners. Dell and Silver Lake will pay a total of $24.9 billion to shareholders as part of the deal that will take Dell private. Each share will be acquired for $13.75 in cash plus a $0.13 cash dividend, the company announced on Thursday.

“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,” Dell CEO and chairman Michael Dell said. “As a private enterprise, with a strong private-equity partner, we’ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.”

Dell said it expects the deal to finalize before the end of the fiscal third quarter of 2014. It’s unclear what will immediately change, though without shareholders making large decisions, it could free up Dell to take larger chances.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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