Dell shareholders step up [Big News Network (United Arab Emirates)]
(Big News Network (United Arab Emirates) Via Acquire Media NewsEdge)
Nearly 70 percent of Dell shareholders have voted in favor of the plan to take the computer company private.
U.S. Securities and Exchange Commission tallies have shown votes needed for the $25 billion leveraged buyout had to add up to 43 percent after input from the board of directors.
Michael Dell, the company's largest shareholder, was excluded from voting under terms of a process set up by the board.
But Carl Icahn, who had been trying to acquire the company for himself, said he would now pursue appraisal rights in the courts in order to determine the company's real value.
After opposing the plan for months, Icahn stopped trying to wrest control of the company for himself in early September.
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