/// Nearly 70 Percent of Dell Shareholders Voted to Go Private

September 18, 2013  |  All Things Digital


The vote in favor of taking Dell private in a $25 billion leveraged buyout wasn’t terribly close, a new filing with the U.S. Securities and Exchange Commission shows. In the final tally, nearly 70 percent of shareholders voted in favor of the plan to take Dell private, in a process that is expected to be completed later this year. The tally also showed that it was approved by a majority, or 50.5 percent of people not associated with Dell or any related entities. Michael Dell, the company’s largest shareholder, was excluded from voting under terms of the go-shop process set up by the board of directors. That meant that in total, a majority of shareholders amounting to 43 percent had to vote in favor. Here’s the language from the SEC filing below.

See the original post here:
Nearly 70 Percent of Dell Shareholders Voted to Go Private



Leave a Reply