Another big investment firm with an ownership stake in Dell Inc. said Tuesday it won’t back the proposed leveraged buyout of the company — a move some analysts say could help drive the price of the deal higher.
The statement from T. Rowe Price Group — which owns about 4.4 percent of Dell’s outstanding shares, according to a recent analyst report from Stifel, Nicolaus & Co. — comes after Tennessee-based Southeastern Asset Management previously vowed to fight the buyout.
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