Dell shareholders pass 25 billion dollar corporate privatisation deal

Phoenix Science and technology news Beijing time September 12, according to Science and technology blog AllThingsD reported that Dell founder Michael Dell (Michaeldell) and Silver Lake Fund 14 months after the acquisition of the plan finally won the approval of the shareholders meeting. The privatisation deal amounts to about 25 billion dollars. The outcome of the vote at a special meeting of the Dell shareholders has just been made public. The final vote is not entirely certain, but sources say the votes are about 65%. The final purchase price of this transaction is 13.75 dollars per share of cash, plus a special dividend of 13 cents per share, which means that most shareholders will receive 13.88 U.S. dollars per share of cash, the transaction price of 24.9 billion U.S. dollars. Earlier, Michael Dell and Silver Lake Fund to consider a joint acquisition, had been unanimously opposed by the majority of shareholders, and the end of the round of balloting signaled that the incident has ended. The acquisition dates back to June 2012, when Dell's second-largest shareholder, southeastern Asset Management, contacted Michael Dell for the first time in a privatisation deal. The same year in July, Dell at another technology summit with the Silver Lake Fund insiders on the privatisation of the first talks.