Dell shareholders approve deal to take company private

Dell CEO Michael Dell speaks September 22, 2010 in San Francisco, California
(©Getty Images/AFP/File)

Shareholders of Dell approved Thursday a proposal led by company founder Michael Dell to take the iconic computer company private.

The proposal, worth about $25 billion, won an unspecified majority of votes from the holders of Dell stock, Dell said in a statement. The buyer consortium sweetened the deal in recent weeks in response to criticism from activist Carl Icahn and others, who had complained their offer undervalued the company.

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