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Thursday, September 12, 2013

Michael Dell set to regain control of his baby.

Michael Dell and Silver Lake are finally expected to win their battle to take Dell (DELL) private today, with their buyout proposal of $24.9B set to receive shareholder approval. The vote comes after Carl Icahn gave up on his attempt to gain control of the company earlier this week. Yesterday, Dell set indicative pricing on a $5.5B loan that will help pay for the buyout.

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