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Fund manager rejects Dell offer

Nikhil Kumar
Wednesday 13 February 2013 00:43 GMT
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The American fund manager T Rowe Price is the latest Dell shareholder to oppose plans to take the company private, saying the $13.65 per share offered by co-founder Michael Dell and the private equity group Silver Lake Partners is not high enough.

T Rowe Price owns 4.4 per cent of Dell's shares. Michael Dell owns about 16 per cent of the business.

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