Dell to hold vote on $24.4bn buyout

The takeover saga involving technology giant Dell may be coming to an end. The firm has announced that a shareholder vote on 18 July will decide the future of the company.

Stockholders will be asked to determine whether a $24.4bn leveraged buyout, proposed by Dell founder Michael Dell and private equity firm Silver Lake, will be accepted. In a release, Dell recommended that voters support the offer:

We unanimously recommend that stockholders vote to approve the transaction by voting “FOR” the Michael Dell/Silver Lake merger agreement at the Special Meeting of Stockholders.