Michael Dell is expected on Thursday to clinch shareholder approval for his $25 billion offer to purchase and take Dell Inc private, ending months of conflict with the company's largest investors and removing uncertainty that has clouded the world's No. 3 PC maker. Dell, who founded the company from a college dorm-room in 1984, fought for months to convince skeptical investors his offer was the best option. This week, he gained the upper hand after one of his staunchest opponents, activist investor Carl Icahn, bowed out of the conflict because he said it was "impossible to win."Shareholders begin casting their votes on Thursday morning in Austin, Texas, and if the billionaire and his partner, Silver Lake, secure shareholders' okay at the special meeting as is widely expected, the pace of transformation should quicken.It may also assuage customers who have grown wary of the company's direction during a very public battle that pits major Wall Street players Icahn, Southeastern Asset Management and T. Rowe Price against the CEO."Once the deal is consummated, they can move on and close some of the large infrastructure deals they've been working on. I do think there's been a bit of a pause," said Cross Research analyst Shannon Cross.
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 remained unchanged at $13.85. 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 0.
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