Dell Stockholders Approve Merger Transaction

Stefan Mileschin · 13th September 2013, 07:49

Dell today announced that, based on a preliminary vote tally from the special meeting of stockholders, Dell stockholders have approved the proposal in which Michael Dell, Dell's Founder, Chairman and CEO, will acquire Dell in partnership with global technology investment firm Silver Lake Partners.

In connection with the transaction, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of a date prior to the effective time of the merger, for total consideration of $13.88 per share in cash. The agreement also guarantees the regular quarterly dividend of $0.08 per share for the fiscal third quarter would be paid to holders of record as of a date prior to closing. The total transaction is valued at approximately $24.9 billion.

http://www.techpowerup.com/190674/de...ansaction.html

13th September 2013, 07:49	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Dell Stockholders Approve Merger Transaction Dell today announced that, based on a preliminary vote tally from the special meeting of stockholders, Dell stockholders have approved the proposal in which Michael Dell, Dell's Founder, Chairman and CEO, will acquire Dell in partnership with global technology investment firm Silver Lake Partners. In connection with the transaction, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of a date prior to the effective time of the merger, for total consideration of $13.88 per share in cash. The agreement also guarantees the regular quarterly dividend of $0.08 per share for the fiscal third quarter would be paid to holders of record as of a date prior to closing. The total transaction is valued at approximately $24.9 billion. http://www.techpowerup.com/190674/de...ansaction.html

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Micron and Elpida Announce Clearance of Transaction by Japan Fair Trade Commission	Stefan Mileschin	WebNews	0	24th December 2012 07:51
InterDigital Agrees to $375 Million Patent Transaction with Intel	Stefan Mileschin	WebNews	0	19th June 2012 07:42
Fujitsu wants to restart chip business merger talks	Stefan Mileschin	WebNews	0	13th June 2012 06:34
US courts approve 30,000 e-surveillance taps each year	Stefan Mileschin	WebNews	0	7th June 2012 06:27
DTS to Acquire SRS Labs in Cash-and-Stock Transaction	Stefan Mileschin	WebNews	0	23rd April 2012 06:39
Elpida DRAM merger would put the wind up Samsung	Stefan Mileschin	WebNews	0	17th February 2012 07:25
AT&T and T-Mobile: Wireless' mega merger	Shogun	WebNews	0	21st March 2011 06:14
Could Seagate be preparing a merger?	jmke	WebNews	0	25th March 2009 07:32
AMD-ATI Merger Passes Through Anti-trust Clearances	jmke	WebNews	0	8th September 2006 18:20
AMD and ATI to ask shareholders for merger approval	jmke	WebNews	0	21st July 2006 21:33