It’s been an awfully long-winded affair, but Michael Dell and technology investment firm Silver Lake Partners have finally persuaded stockholders to approve its proposal to take Dell private.
As part of the agreed package, Dell stockholders will receive £13.75 in cash per share, plus an additional cash dividend of $0.13 per share. The total transaction is now valued at roughly $24.9 billion.
Michael Dell has faced counteroffers from activist investor Carl Icahn and Blackstone in the last six months or so. The final amount is higher than the original $24.4 billion bid submitted back in February, but we don’t think Michael Dell will mind. At last, Dell is going private.
➤ Dell (press release)
Image Credit: NIGEL TREBLIN/AFP/Getty Images
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