Dell shareholders approve deal to take company private

Dell CEO Michael Dell speaks September 22, 2010 in San Francisco, California
Dell CEO Michael Dell speaks September 22, 2010 in San Francisco, California
(┬ęGetty 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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