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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 This material may not be published, broadcast, rewritten or redistributed.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 65 137 2,524
MORTGAGES 129 223 3,542
FORECLOSURE NOTICES 0 15 797
BUILDING PERMITS 207 370 6,705
BANKRUPTCIES 77 161 2,568
BUSINESS LICENSES 25 49 1,113
UTILITY CONNECTIONS 138 284 3,726
MARRIAGE LICENSES 20 46 669

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