T. Rowe Price Associates, one of the most influential rival Michael Dell's offer to buy a Dell (NSQ: DELL) was approximately $ 2.5 billion, reducing its ownership of the struggling PC maker 2.8% shares held from 31 March to 4%, two sources familiar with the situation told Reuters reporters.
Baltimore-based asset management company, has been Dell's fourth-largest shareholder holdings of 4.9 billion shares of 71,870,000 shares in the first quarter, Dell's end, people said.
It is unclear when exactly the firm, which has been called the buyout offer is too cheap, unload their shares. T. Rowe spokesman declined to comment.
A reduction in its holding, marking the game for several months, Michael Dell, who wants to be his company was founded in 1984 private restructuring and said his offer undervalued the world's third largest PC manufacturer's Investors commenced between the latest developments.
T. Rowe's activist investor Carl Icahn and his partner, Southeastern Asset Management, who oppose Michael Dell (Michael Dell) and private equity firm Silver Lake Partners offer one of the most influential allies.
T. Rowe opposition hindered Michael Dell's takeover bid, in which a vote has been postponed three times, the lack of shareholder support.
Icahn taking large stakes in the company, he thinks ill or under management, promote change, have put their own alternative offer, and threatened to launch a proxy contest, CEO and board of directors to unseat.
Dell's shares closed at $ 13.75 up 0.3%.
 



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