Dell, Silver Lake To Move Forward With Take-Private Deal

Law360, Los Angeles (September 10, 2013, 9:25 PM ET) -- Michael Dell and Silver Lake Management LLC may have enough votes to move forward with their planned $25 billion leveraged buyout of Dell Inc., a day after activist investor Carl Icahn gave up his bid to raise the offer.

With Icahn out of the way, Dell and the private equity firm will move forward with a Sept. 12 shareholder vote to gain approval for the deal, the largest leveraged buyout since 2007, according to a report by Bloomberg News.

Icahn on Monday said he was throwing in...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers