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Aug 8, 2013

Exclusive: T.Rowe slashes stake in Dell to 2.8 percent from 4 percent – sources

NEW YORK (Reuters) – T. Rowe Price Associates, one of the most influential opponents of Michael Dell’s offer to buy out Dell Inc for about $25 billion, reduced its ownership in the struggling PC maker to a 2.8 percent stake from the 4 percent it held as of March 31, two sources familiar with the situation told Reuters.

The Baltimore-based asset management firm, which had been the fourth-largest shareholder of Dell, reduced its holdings to 49 million shares from 71.87 million Dell shares at the end of the first quarter, the people said.

Aug 8, 2013

T.Rowe slashes stake in Dell to 2.8 pct from 4 pct -sources

NEW YORK, Aug 8 (Reuters) – T. Rowe Price Associates, one of
the most influential opponents of Michael Dell’s offer to buy
out Dell Inc for about $25 billion, reduced its
ownership in the struggling PC maker to a 2.8 percent stake from
the 4 percent it held as of March 31, two sources familiar with
the situation told Reuters.

The Baltimore-based asset management firm, which had been
the fourth-largest shareholder of Dell, reduced its holdings to
49 million shares from 71.87 million Dell shares at the end of
the first quarter, the people said.

Aug 8, 2013

EXCLUSIVE: T.Rowe reduces stake in Dell to 2.8 pct from 4 pct -sources

NEW YORK, Aug 8 (Reuters) – T. Rowe Price Associates has
reduced its ownership in PC maker Dell Inc DELL. to 2.8
percent stake from the 4 percent stake it previously held on
March 31, two sources familiar with the situation said Thursday.

The Baltimore-based asset management firm reduced its
holdings from 71.87 million Dell shares at the end of the first
quarter to 49 million shares, the people said.

Aug 2, 2013

Exclusive: Compuware takes another shot at sale – sources

NEW YORK (Reuters) – Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based hedge fund Elliott Management Corp in January and asked Goldman Sachs Group Inc and Allen & Company to seek a better offer. Seven months later, no higher bid has emerged.

Aug 2, 2013

Compuware takes another shot at sale -sources

NEW YORK, Aug 2 (Reuters) – Management software company
Compuware Corp CPW.O has renewed efforts to sell itself,
courting not just the buyers of rival BMC Software Inc (BMC.O: Quote, Profile, Research)
but also CA Technologies Inc (CA.O: Quote, Profile, Research) and other buyout firms,
several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based
hedge fund Elliott Management Corp in January and asked Goldman
Sachs Group Inc (GS.N: Quote, Profile, Research) and Allen & Company to seek a better
offer. Seven months later, no higher bid has emerged.
[ID:nL1N0BL8EN]

Aug 1, 2013

Some Dell swing shareholders ready to compromise – sources

NEW YORK, July 31 (Reuters) – Some of Dell Inc’s
largest investors who have abstained from voting on a $24.4
billion bid led by founder Michael Dell to take the No. 3
PC-maker private told the company’s board this week that they
would back the deal at the buyout group’s latest offer price,
three sources close to the matter said.

The change of heart comes even as the special committee of
Dell’s board on Wednesday rejected new voting terms in a revised
bid by Michael Dell and private equity partner Silver Lake,
which raised their offer price last week by a dime to $13.75 per
share on the condition the voting rules were changed. Currently,
shareholders who abstain are counted as voting against the deal,
but the buyout group wanted those investors to be excluded from
the tally.

Jul 19, 2013

Microsoft in talks with ValueAct over board seat -sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s (MSFT.O: Quote, Profile, Research) board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 19, 2013

Exclusive: Microsoft in talks with ValueAct over board seat – sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 18, 2013

Dell puts off buyout vote; still short despite crucial backers

ROUND ROCK (Reuters) – Dell Inc postponed a crucial vote on CEO Michael Dell’s$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning over several large swing shareholders at the eleventh hour.

The company co-founder and partner Silver Lake fell short of the votes needed to push through the largest buyout since the financial crisis, even though Vanguard and BlackRock Inc are now on board with the proposal, a source familiar with the matter told Reuters on Thursday.

Jul 5, 2013

Preview: BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone, Samsung’s (005930.KS: Quote, Profile, Research) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research) Android operating system.