May 31, 2013 – Dell Inc. will hold a shareholder vote on July 18 on a $24.4 billion leveraged buyout offer by founder Michael Dell and Silver Lake Management LLC.
Dell recommended the offer be accepted after no better offer came during the “go-shop” period, according to a U.S. Securities and Exchange Commission filing. A majority of shareholders, excluding Chief Executive Officer Dell’s 15.6 percent stake, will have to approve the buyout for it to pass, according to the deal’s terms.
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