T. Rowe Price Joins Opposition to Dell Sale
Feb 12th 2013 6:50PM
Updated Feb 12th 2013 8:00PM
T. Rowe Price has joined the chorus of voices opposing the proposed buyout of Dell . In a brief email statement obtained by media outlets such as Bloomberg, T. Rowe Price Chairman and CIO Brian Rogers said that "we believe the proposed buyout does not reflect the value of Dell and we do not intend to support the offer as put forward."
Rogers' company is the third-largest shareholder of the PC maker. According to figures quoted by Reuters, it held 4.4% of Dell's stock as of Sept. 30.
Earlier this month, Dell announced that it will go private in a buyout totaling approximately $24.5 billion.
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