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Thu September 12, 2013
Dell Shareholders OK Buyout Offer (Update)
Originally published on Thu September 12, 2013 9:37 am
Update: Dell stockholders approved Michael Dell's buyout offer this morning, according to a preliminary vote tally.
“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 said in a press release announcing the vote. You can read that release here.
Original post (9:06 a.m.): Dell shareholders are set to vote this morning on a nearly $25 billion buyout offer from founder Michael Dell. After several postponements, this time, the deal is expected to pass.
The most outspoken opponent of the buyout – major stockholder Carl Icahn – gave up his fight against the deal this week. He had argued that Dell's offer is too low.
Additionally, the Dell board previously agreed to change the voting rules so that votes that are not cast will not be counted as “no” votes.
Approximately14,000 Central Texans work at Dell, The company recently laid off a “limited number” of employees both in Central Texas and around the world.