CNBC Breaking News from CNBC's David Faber: Preliminary Results for Dell Vote are 65% to 35% in Favor of Buyout - Sources
WHEN: Today, Thursday, September 12th
WHERE: CNBC's "Squawk on the Street"
Following is the unofficial transcript of breaking news from CNBC's David Faber. All references must be sourced to CNBC.
DAVID FABER: LET'S TALK A LITTLE DELL SHALL WE? BECAUSE, OF COURSE, WE KNOW THAT IN TEXAS THE VOTE IS GOING TO TAKE PLACE ON THE DECISION BY SHAREHOLDERS AS TO WHETHER MICHAEL DELL AND HIS PARTNER SILVERLAKE TO TAKE THE COMPANY PRIVATE. WE CAN TELL YOU NOW, AND AGAIN THIS IS NOT A BIG SURPRISE, THAT YES THAT VOTE IS GOING TO BE IN FAVOR – THE NUMBERS I'M HEARING, 65%, 35%. THAT IS AT LEAST A PRELIMINARY VOTE COUNT. THAT CAN CHANGE A BIT. AND AGAIN, NO ONE HAD ANY THOUGHTS THAT IT WOULD NOT BE A VICTORY FOR MICHAEL DELL. BUT WE CAN TELL YOU 65%, 35% AND THAT SHOULD BE ANNOUNCED WITHIN THE HOUR THAT IN FACT, DELL'S SHAREHOLDERS HAVE VOTED IN FAVOR.
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