Bid/Ask: T. Rowe Price re­pays in­vestors for a flub; Pelé sells a World Cup medal

T. Rowe Price com­pen­sates clients for a flawed proxy vote.

Bloomberg Businessweek (Asia) - - NEWS -

Although the fund com­pany was among those claim­ing that a $24.9 bil­lion buy­out of Dell un­der­val­ued the com­puter maker, T. Rowe mis­tak­enly sup­ported the trans­ac­tion. The pay­ments cover the dif­fer­ence be­tween the $13.75 per share the com­pany paid and the $17.62 per share a Delaware court ruled should have been the deal’s fair value.

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