Shareholders of Dell Inc. have given their approval for Michael Dell’s $25bn plan to buy and take the company private, ending months of bitter conflict with the company’s largest investors and removing the uncertainty shrouding the world’s third-largest PC maker, Reuters has reported. The plan will see the firm invest in the personal computer and tablet markets, in expanding sales coverage, and in growing its distribution network, founder and CEO, Michael Dell, told the news service after the shareholder vote. “We still have a long way to go and many challenges to meet,” he said. “But under a new private company structure, we will have the flexibility to accelerate our strategy and pursue both organic and inorganic investment without the scrutiny, quarterly targets and other limitations of operating as a public company.”
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