Dell Inc. (NASDAQ:DELL): Current price $13.85
A knowledgeable source said Tuesday that Michael Dell and Silver Lake Management LLC now have the votes they need for approval of their proposed $24.9-billion leveraged. The person also reported that holders of two-thirds of the voting shares have indicated their approval for the proposed deal.
It appears that finally, Michael Dell is poised to see his buyout secured after a seven-month saga that had the fate of the number-three computer maker on the planet in doubt for most of 2013. On Monday, the billionaire financier Carl Icahn abandoned his opposition to the transaction, removing what was one of the biggest road blocks to getting the buyout okayed.