4 Merger and Acquisitions Stock Stories Buzzing Right Along on Thursday
Dell Inc. (NASDAQ:DELL): Current price $13.84
On Thursday it was announced that, calculated on a preliminary vote tally from the special meeting of stockholders, Dell stockholders have okayed the proposal in which founder, Chairman and Chief Executive Michael Dell, will acquire Dell in partnership with the investment firm Silver Lake Partners. The preliminary vote tally indicates that the transaction was supported by the holders of a majority of Dells outstanding shares, which was required by Delaware law.
What is more, the tally shows that the deal was approved by the holders of a majority of Dells shares voting for or against the matter, not counting shares held by Michael Dell, certain of his related family trusts, Dell’s board, and certain members of its management as separately mandated under the merger agreement.