/// Nearly 70 Percent of Dell Shareholders Voted to Go Private
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
- 12/07/2013 • Obama, in Q&A with Haim Saban, Gives Assurances on Israel’s Security in Light of Iran Agreement
- 11/20/2013 • Amazon Scores Another PBS Exclusive, ‘Mr. Selfridge’ Starring Jeremy Piven
- 11/16/2013 • Dish, Media General Reach TV Deal Ending 47-Day Blackout
- 09/05/2013 • Microsoft Is Already Advertising Its Nokia Deal (And It’s Not Even Official Yet)