Money manager T. Rowe Price Group on Tuesday became the latest major shareholder of computer maker Dell to oppose Dell's leveraged takeover offer."We believe the proposed buyout does not reflect the value of Dell, and we do not intend to support the offer as put forward," T. Rowe Chief Investment Officer Brian Rogers said in a statement.T. Rowe's decision to oppose the $13.65 per share offer from Dell founder Michael Dell and private equity shop Silver Lake Partners could add significant pressure for a higher offer. T. Rowe controlled 4.4 percent of Dell shares as of Sept. 30, according to Thomson Reuters data.Other shareholders with an estimated total stake of 14 percent are also opposing or leaning against the deal.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.33% or $0.1/share to $30.72. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 744076 shares of TRI exchange hands on a given day and today's volume is recorded at 857024.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.23% or $0.07/share to $30.79. In the past year, the shares have traded as low as $26.65 and as high as $31.22. On average, 826789 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 504160.
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