After months of buyout drama, Dell has cleared one of the final hurdles to becoming a private company again.
Dell announced Tuesday it had received "all necessary pre-merger regulatory clearances" to be acquired by Dell founder and CEO Michael Dell in partnership with Silver Lake Partners.
In September, the company's shareholdersMichael Dell and Silver Lake's $25 billion buyout offer and plan to take the company private. That was after investor-activist Carl Icahn to acquire the company.
Under the deal, Dell and Silver Lake purchased all remaining shares of the company that investors did not own for a sale price of $13.75 per share, with a 13-cent special dividend. Dell$13.65 per share.
The transaction is expected to close before the end of Dell's third fiscal quarter on November 1.
Updated at 7:46 a.m. PT:with additional background.