Michael Dell clinched shareholders' approval on Thursday for his $25 billion offer to purchase and take Dell Inc private, ending months of bitter conflict with the company's largest investors and removing the uncertainty shrouding the world's No. 3 PC maker.The company plans to invest in the personal computer and tablet markets, in expanding sales coverage and in growing its distribution network, founder and Chief Executive Michael Dell said in a conference call after the shareholder vote.A "significant incremental investment" is required to turnaround the company and having two strong private investors will aid the restructuring, Dell added.Shareholders cast their votes at a special meeting on Thursday morning in Round Rock, Texas. Based on preliminary results, the takeover has secured their go-ahead and the deal is expected to close before the end of the fiscal third quarter.
Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL traded higher by 0.04% or $0.005/share to $13.86. In the past year, the shares have traded as low as $8.69 and as high as $14.64. On average, 23964000 shares of DELL exchange hands on a given day and today's volume is recorded at 80442800.
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