ROUND ROCK, TEX. â€" Dell shareholders voted on Wednesday to approve the computer company’s $24.9 billion sale to its founder, ending a monthslong slog that included fierce opposition from some investors.
At a brief shareholder meeting at Dell‘s headquarters here, Alex J. Mandl, the head of a special Dell board committee, announced that a majority of shareholders had voted in favor of the sale to Michael S. Dell and the investment firm Silver Lake.
But the result was long anticipated, after a Delaware court turned back a last-minute effort by the billionaire Carl C. Icahn to overturn changes to Dell’s voting rules that eased the path to a victory for the buyers.
Under the terms of the deal, shareholders will receive $13.75 a share in cash and a special 13-cent dividend.
“I am pleased with this outcome and am energized to continue building Dell into the industry`s leading provider of scalable, end-to-end technology solutions,†Mr. Dell said in a statement. “As a private enterprise, with a strong private-equity partner, we`ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.â€
