The company has received enough support for the privatization of the Dell business

Source: Internet
Author: User
Keywords Privatisation Dell Inc. Silver Lake Foundation
[Guide] Among the shareholders who have the right to vote in a Dell company, Two-thirds say they support the privatisation deal. The Dell privatisation deal has received enough support (Tencent Science and Technology map) Tencent Science and Technology snow September 11 compiled according to a source familiar with the story, Dell and Silver Lake funds have received enough shareholder support votes, which means that Dell's 24.9 billion dollar privatisation will be approved. According to a Bloomberg Web site report in Tuesday, the unnamed source said that two-thirds of shareholders who had a stake in the company's voting shares said they had expressed support for the privatisation deal. The deal will set the biggest leveraged buyout deal since 2007. In the past seven months, the future fortunes of Dell, the world's third-largest computer maker, have been uncertain, and getting enough votes means that a privatisation deal headed by Michael Dell, the company's chief executive, will turn Dell into a non-listed company. Yesterday, Carl Icahn, a billionaire activist investor, had abandoned his opposition to the deal, Icahn one of the biggest hurdles to Dell's privatisation exchange over the past few months. "It makes it much easier for Dell to make a shareholder vote." "Shannon Cross, a market research firm Cross study analyst, said in his decision about Icahn. Dell will hold a shareholder vote on September 12 at the company's headquarters in Texas, Round Rock, and announce the results of the poll on that date. Previously, Dell had delayed the holding of a shareholder vote three times, when Michael Dell and the Silver Lake Fund also lacked support tickets to allow privatisation deals to be approved. Dell spokeswoman David Frink David Frink declined to comment on the Bloomberg report. Dell investors, including Franklin Mutual Advisers (Franklin Mutual advisers) and the private-equity giant, The Barclays Group (BlackRock), expressed support for the privatisation deal. Previously, the investment group, led by Michael Dell, had already lowered its offer price to $13.75 a share, plus a special dividend of 13 cents a share, and pledged to distribute Dell's third-quarter dividend. "While we are certainly sorry for losing the war that controls Dell, but the result of our involvement is that the losses that Dell's investors will suffer from the deal will become much more tolerable, because Michael Dell and Silver Lake have raised the offer price and called it ' Best and final offer. " Icahn said in a letter yesterday. "As a result, all shareholders will earn hundreds of millions of dollars more than the initial offer from Dell," the company said. ”
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