» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 30 | Wednesday, February 13, 2013

Another Major Dell Shareholder Opposes $24.4 Billion Sale

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 257 2,297
MORTGAGES 86 330 3,193
FORECLOSURE NOTICES 0 62 738
BUILDING PERMITS 210 754 6,168
BANKRUPTCIES 59 221 2,348
BUSINESS LICENSES 35 112 1,042
UTILITY CONNECTIONS 70 355 3,357
MARRIAGE LICENSES 19 77 605

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.