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VOL. 128 | NO. 30 | Wednesday, February 13, 2013

Another Major Dell Shareholder Opposes $24.4 Billion Sale

AP

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ROUND ROCK, Texas (AP) – Another major Dell shareholder is opposing the company's proposed $24.4 billion sale to a group led by its founder and CEO.

Mutual fund firm T. Rowe Price came out against the deal in a statement issued Tuesday.

T. Rowe Price Chairman Brian Rogers says the price of $13.65 per share undervalues Dell Inc., a struggling computer maker whose stock has sunk in recent years amid doubts about the company's ability to diversify beyond the slumping PC industry.

Dell must now overcome the resistance of its two largest independent shareholders to gain approval to complete the sale to CEO Michael Dell and investment firm Silver Lake.

Southeastern Asset Management lashed out at the deal last week. The firm contends Dell is worth should sell for nearly $24 per share.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 24 24 2,668
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

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