Tech titan Michael Dell is seeking to prove that mutual fund giant T. Rowe Price doesn’t deserve a penny more than the $13.75 a share paid to other shareholders for Dell’s 2013 going-private transaction.
Lawyers for Dell asked a Delaware Chancery Court judge to decide whether T. Rowe should be allowed to continue its pursuit for more money given new “evidence” that it voted in favor of the transaction. T. Rowe should be “put to proof” on its claims in light of the new evidence, Dell’s lawyers said in a letter to the judge that was unsealed Friday… [READ MORE]
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By Kaja Whitehouse