Bloomberg Businessweek (Asia)

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.


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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