Big investment fund joins opposition to Dell buyout | Bangkok Post: news

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Big investment fund joins opposition to Dell buyout

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The large investment firm T. Rowe Price said Tuesday it was opposing Dell's proposed $24.4 billion private equity buyout, saying the offer "does not reflect the value" of the tech giant. 

A Dell research and development facility is pictured on October 19, 2011, in Santa Clara, California. The large investment firm T. Rowe Price said Tuesday it was opposing Dell's proposed $24.4 billion private equity buyout, saying the offer "does not reflect the value" of the tech giant.

T. Rowe Price, which holds a 4.4 percent stake in Dell, joined the opposition from Southeastern Asset Management, which claims 8.5 percent of Dell shares.

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