Dell asks shareholders to vote in favor of founder's deal
Michael Dell might soon have his way with the company he founded.
Dell announced today that it has filed materials with the Securities and Exchange Commission (SEC) that will allow it to hold a shareholder meeting on July 18 to approve the transaction Michael Dell and investment firm Silver Lake recently brought to the table. Under the terms of the deal, Michael Dell and Silver Lake, with some help from Microsoft, will acquire all remaining shares in the company that the founder doesn't own for $13.65 per share.
According to Dell, the company's entire board of directors, … Read more