The shareholder vote on Dell Inc.’s proposed management buyout turned out to be a landslide in favor of the deal.
The Round Rock-based company said Thursday that the final vote total from its Sept. 12 special shareholder meeting showed that 734 million shares, or 64.7 percent of the eligible shares cast in the approval vote, favored the $24.9 billion buyout of the company led by CEO and founder Michael Dell and his financial ally, Silver Lake Partners. Opposing votes totaled 399.6 million shares, while 39.6 million shares abstained, the company said.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In