T. Rowe Price Opposes Dell Buyout
T. Rowe Price Group Inc., one of Dell Inc.’s largest investors, said Tuesday it won’t support Michael Dell’s proposal to take the computer maker private at the current offer price.
“We believe the proposed buyout does not reflect the value of Dell and we do not intend to support the offer as put forward,” said Brian Rogers, Price’s chairman and chief investment officer, in a statement.