Deals
Dell Pressed to Sweeten LBO Bid Amid T. Rowe Opposition
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Dell Inc., the computer maker that agreed to a $24.4 billion buyout this month, is coming under increased pressure to make the deal more attractive to shareholders who say the transaction undervalues the company.
Options include boosting the offer price or increasing the dividend, analysts said. Private-equity buyers have also given investors a chance to co-invest in a transaction to line up support for a buyout that met with resistance. Dell’s biggest outside investors, T. Rowe Price Group Inc. and Southeastern Asset Management, oppose the $13.65-a-share proposal, saying it undervalues the No. 3 maker of personal computers.