Michael Dell won shareholder approval on Thursday for his $25 billion offer to purchase and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker. Partnering with private equity house Silver Lake, the billionaire CEO offered $13.75 a share, plus a 13-cent special dividend, to take private the company he founded in a college dorm room in 1984, in what would be the biggest leveraged takeover since the financial crisis.Here are the major events that have transpired in the months-long battle that followed almost half a year of behind-the-scenes negotiations.Feb. 5 - Michael Dell and Silver Lake's buyout offer is announced and a 45-day "go shop" period commences during which a special board committee solicits rival offers.In all, Dell contacts 67 parties.
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 47932760.
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