Search

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=http://video.cnbc.com/gallery/?video=3000198688]

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions