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Dell Shareholders OK Buyout Offer (Update)

Update: Dell stockholders approved Michael Dell's buyout offer this morning, according to a preliminary vote tally.

“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,” Michael Dell said in a press release announcing the vote.  You can read that release here

Original post (9:06 a.m.): Dell shareholders are set to vote this morning on a nearly $25 billion buyout offer from founder Michael Dell. After several postponements, this time, the deal is expected to pass.

The most outspoken opponent of the buyout – major stockholder Carl Icahn – gave up his fight against the deal this week. He had argued that Dell's offer is too low.

Additionally, the Dell board previously agreed to change the voting rules so that votes that are not cast will not be counted as “no” votes.

Approximately14,000 Central Texans work at Dell, The company recently laid off a “limited number” of employees both in Central Texas and around the world. 

Laura first joined the KUT team in April 2012. She now works for the statewide program Texas Standard as a reporter and producer. Laura came to KUT from the world of television news. She has worn many different hats as an anchor, reporter and producer at TV stations in Austin, Amarillo and Toledo, OH. Laura is a proud graduate of the University of Missouri-Columbia, a triathlete and enjoys travel, film and a good beer. She enjoys spending time with her husband and pets.
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