Michael Dell handed early Christmas present as shareholders back deal to go public

Activist investors had threatened to derail the deal, but Dell is set to go public again on 28 December

Dell shareholders have agreed a deal that will see the vendor return to life on the stock exchange later this month.

The vendor is set to list on the New York Stock Exchange on 28 December, bringing to a close a restructuring process that started at the beginning of the year.

The deal will see Dell float by buying back shares of DVMT, which is a tracking stock linked to its VMware subsidiary. Buying the stocks will make Dell a public company.

Activist investors including Dell tormentor Carl Icahn had threatened to scupper the move, claiming Dell wasn't paying a fair price for the stock. However, an improved offer won support from shareholders.

CEO Michael Dell said: "We appreciate our stockholders' support. With this vote, we are simplifying Dell Technologies' capital structure and aligning the interests of our investors.

"This strengthens our strategic position, as we continue to deliver innovation, long-term vision and integrated solutions from the edge to the core to the cloud.

"We've created Dell Technologies to be our customers' most trusted partner in their digital transformation."

Dell has been a private company since 2013, when Michael Dell took the firm off the stock exchange with the support of private equity firm Silver Lake. In the time since, it has completed the huge acquisition of EMC.

Silver Lake managing director Egon Durban said: "We believe that Dell Technologies is best positioned to succeed in today's data-driven economy thanks to the unique collection of businesses that Michael and his team have assembled, and look forward to remaining long-term investors in the company."