T. Rowe Price opposes Dell's $24.4B buyout deal

T. Rowe Price Group Inc., the third-largest Dell Inc. shareholder, said Tuesday it opposes the computer giant’s proposed $24.4 billion buyout deal to go private.

“We believe the proposed buyout does not reflect the value of Dell and we do not intend to support the offer as put forward,” Brian Rogers, T. Rowe Price’s chairman and chief investment officer, said in a statement.

Baltimore-based T. Rowe (NASDAQ: TROW) owns 76.5 million shares outstanding of Dell, or 4.4 percent of the company,…