T. Rowe Price Joins Opposition to Dell Sale

T. Rowe Price has joined the chorus of voices opposing the proposed buyout of Dell . In a brief email statement obtained by media outlets such as Bloomberg, T. Rowe Price Chairman and CIO Brian Rogers said that "we believe the proposed buyout does not reflect the value of Dell and we do not intend to support the offer as put forward."

Rogers' company is the third-largest shareholder of the PC maker. According to figures quoted by Reuters, it held 4.4% of Dell's stock as of Sept. 30.

Earlier this month, Dell announced that it will go private in a buyout totaling approximately $24.5 billion.

The article T. Rowe Price Joins Opposition to Dell Sale originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.