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Dell (DELL +0.7%) ticks higher to $13.79 on news T. Rowe Price (the company's 3rd-largest...

Dell (DELL +0.7%) ticks higher to $13.79 on news T. Rowe Price (the company's 3rd-largest shareholder) won't support the $13.65/share LBO deal. "We believe the proposed buyout does not reflect the value of Dell, and we do not intend to support the offer as put forward," says investment chief Brian Rogers. (more)
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Comments (5)
  • J Mintzmyer
    , contributor
    Comments (3675) | Send Message
     
    Here's hoping the deal falls apart and DELL reports a horrendous Q so I can get back long again.
    12 Feb 2013, 04:36 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Perhaps Dell didn't execute the IBM business plan he "bought." He is simply taking advantage of the extraordinary cheap debt environment to cash out of having to take the heat to execute anything.
    12 Feb 2013, 06:35 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4356) | Send Message
     
    I think that a key factor is the caliber and character of Mason Hawkins. He laid out a persuasive case for the inadequacy of the deal's consideration and a lot of other shareholders are likely to be willing to follow his lead. There is probably a majority for a deal around $15 and the buyers could easily justify paying that much.
    12 Feb 2013, 08:06 PM Reply Like
  • moneyTalksBSWalks
    , contributor
    Comments (193) | Send Message
     
    The deal is toast now.
    12 Feb 2013, 09:29 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4356) | Send Message
     
    I think that you are right or rather I think that you are right that this deal is toast. They could come back with a full and fair price that picks off a few of these deal opponents.
    12 Feb 2013, 09:32 PM Reply Like
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