real-time news and commentary for investors
Tuesday, Sep 10
Bloomberg: Michael Dell, Silver Lake have enough votes
- A source tells Bloomberg the Dell (DELL +0.1%) LBO group has secured enough votes ahead of Thursday's official shareholder vote for their $24.9B acquisition of the IT giant to go through.
- The report isn't too surprising, particularly after Carl Icahn threw in the towel yesterday.
- Dell shares are at $13.85, or less than 1% below the $13.96/share being offered by the LBO group (after factoring dividend payments).