After months of discussion and groundwork, a board vote by the Dell shareholders finally put the company back solely in the hands of founder Michael Dell taking it private, fighting off a lucrative counteroffer from “Activist Investor” Carl Icahn. While the plans to bring Dell back private were already approved in July, setbacks via a series of postponements delayed proceedings. The final agreed package for the shareholders is US$13.75 per share with an additional US$0.13 dividend totalling US$24.9b. The final figures have not been officially released yet, but it has been said that 65% of votes were in favour of the buyout.
“I am pleased with this outcome and am energized to continue building Dell into the industry’s leading provider of scalable, end-to-end technology solutions,” Michael Dell says in a statement following the vote. Michael Dell also said it (the deal) will “open an exciting new chapter for Dell, our, customers, and team members,” delivering “immediate value.”
What do you think this means for the future of Dell?
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