Decision day at Dell

Sep 12, 2013

FORTUNE -- Dell Inc. shareholders today are expected to approve a $24.5 billion buyout of the company by CEO Michael Dell and private equity firm Silver Lake, more than seven months after the agreement was first announced.

Since then there has been a go-shop process that included serious interest from The Blackstone Group, Carl Icahn's entry into the fray, crumbling PC industry data, numerous vote postponements and a 23 cent per share increase in the ultimate price (including a 13 cent per share special dividend).

Icahn on Monday dropped his longstanding challenge to the deal, although he is planning to seek appraisal rights in a Delaware court. And, yesterday, Standard & Poor's cut Dell's (dell) corporate credit rating to junk status.

I discussed the deal on CNBC earlier this morning. Video below:

[cnnmoney-cnbc vid=]

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