Dell stockholders today approved the merger transaction in which Michael Dell, Dell’s Founder, Chairman and CEO, in partnership with global technology investment firm Silver Lake, will acquire Dell.
This transaction positions Dell to enter an exciting new chapter, continuing the execution of its long-term strategy and focusing on delivering best-in-class solutions to customers as a private enterprise. We are a trusted supplier and partner to customers across a diverse set of end-markets, geographies and key IT solutions. Our differentiated value proposition is based on simple and scalable solutions that provide our customers accelerated time to value.
We’ve made progress executing our long-term strategy over the past four years as we’ve added significant new products and solutions, enhanced the breadth and depth of our capabilities, and put in place a world-class team. We believe we are uniquely positioned to solve our customers’ biggest IT problems, and our strategy to bring simple, scalable and open solutions is getting great response from our customers.
As Michael Dell wrote in his Open Letter to Customers, under a new private ownership structure, Dell will be even more flexible and entrepreneurial, allowing it to do what it does best — to serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.
The transaction is expected to close before the end of the third quarter of Dell’s FY2014, subject to the satisfaction of customary closing conditions, including regulatory approval.