t. rowe price
T. Rowe dumps some Dell
May 16, 2013: 1:52 PM ET
Dissident Dell shareholder loses a bit of its voice.
FORTUNE -- T. Rowe Price still may want to vote against Michael Dell's proposed takeover of Dell Inc., but its opinion will no longer be heard quite so loudly.
Yesterday the mutual fund reported disclosed that it sold around 10.26 million Dell (DELL) shares during the first quarter, which represented around 12.5% of its holdings. It also acquired 5.8 million call options during the same period.
There is no available information as to what price T. Rowe (TROW) sold at, or what call options it purchased. Dell shares traded at between $10.31 and $14.51 per share during the first quarter, compared to the proposed buyout price of $13.65 per share.
Also unavailable is any information as to whether T. Rowe has increased or decreased its Dell holdings since March 31.
When T. Rowe originally came out in opposition to the buyout, it was believed to be the company's second-largest outside shareholder (based on year-end 2012 data), behind only Southeastern Asset Management. At the end of Q1, it dropped down to number five, behind Southeastern, UBS (UBS), Carl Icahn and BlackRock (BLK).
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T. Rowe: We still hate Dell deal
The more things change, the more they stay the same.
FORTUNE -- T. Rowe Price is still opposed to taking Dell Inc. private at $13.65 per share, even though the PC maker's stock has fallen well below that mark since The Blackstone Group (BX) decided not to make a rival offer.
T. Rowe (TROW) staked out its original position on Feb. 12, when chairman and chief investment officer Brian Rogers said that MORE
Dan Primack - Apr 23, 2013 12:31 PM ET -
Mutual fund managers could be tomorrow's buyout kings
T. Rowe Price and other mutual fund managers are fighting to stay relevant as investors shift away from actively managed funds. Is private equity a way out?
By Lauren Silva Laughlin
FORTUNE -- U.S. mutual fund managers have recently been on a tear as the stock market has climbed to 5-year highs. Higher equity prices mean fatter portfolios and more fees for the asset managers. But dig down deeper, and there MORE
Feb 20, 2013 1:55 PM ET -
Tech investing's East Coast man
Henry Ellenbogen scouts for small-cap companies and even the occasional not-yet-public startup.
By Mina Kimes, writer
FORTUNE -- Baltimore, the home of old-school mutual fund giant T. Rowe Price, is a long way from the startup scene in Silicon Valley. Henry Ellenbogen, who runs the $9.6 billion T. Rowe Price New Horizons Fund (PRNHX), straddles both worlds. He's constantly prowling for promising tech startups, spending about 100 days a year on MORE
Sep 25, 2012 5:00 AM ET -
Paul Ryan's (tiny) Twitter investment
Focusing on the (very) small stuff.
FORTUNE -- Rep. Paul Ryan (R-WI) has 187,000 followers on Twitter, plus nearly 100,000 followers on a new account set up by the Romney campaign. Oh, and he's also a tiny investor in the micro-messaging site.
According to Ryan's most recent financial disclosures, he held between $50,000 and $100,000 in the T. Rowe Price New Horizons Fund as of Dec. 31, 2011. It's his largest single MORE
Dan Primack - Aug 13, 2012 1:17 PM ET -
Is your 401(k) ripping you off?
Retirement plan providers have been overcharging investors for decades - creating a huge drag on returns. But new rules on fee disclosure should help drive down costs.
FORTUNE – If you're a typical 401(k) investor, perhaps you check your account now and then to see how your investments are doing. Or maybe you just let them ride. One thing is almost certain: You don't know how much you're paying in management MORE
Scott Cendrowski, writer-reporter - Jun 25, 2012 5:00 AM ET -
Debunking the wisdom behind Citi's reverse stock split
Citi did a 1-for-10 split this week. Investors should realize they're paying for vanity not returns.
Are reverse stock splits the single biggest waste of corporate money? Big institutions that have seen their shares decimated for one reason or another occasionally employ this classic subterfuge to try and erase history. They rarely succeed.
This week's offender: Citigroup (C). On Monday, the beleaguered financial services conglomerate instituted a reverse 1-for-10 split, a transaction that MORE
Duff McDonald, Contributing Editor - May 13, 2011 11:03 AM ET -
Buy and hold Groupon?
It's easy to see at this bubbly social-tech moment how you might want to buy Groupon. But would you really want to hold it?
The question comes to mind off Friday's report that the scorching online coupon site is working on an initial public offering that could come as soon as this spring and might value the company at an altitude sickness-inducing $15 billion. Goldman Sachs (GS), it is said, wants to lead MORE
Colin Barr - Jan 14, 2011 3:31 PM ET
