real-time news and commentary for investors
Thursday, Sep 12
Dell shareholders approve LBO
- As was widely expected, a majority of outstanding Dell (DELL) shares have been voted in favor of Michael Dell and Silver Lake's $24.9B LBO offer. (PR)
- The transaction is expected to close before the end of Dell's Oct. quarter (FQ3). Shareholders will receive $13.75/share in cash and a $0.13/share special dividend, and are guaranteed an $0.08/share FQ3 quarterly dividend.