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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Dell needs more info from Icahn, Southeastern

 

ROUND ROCK, Texas (AP) — Dell says it needs more information about billionaire Carl Icahn and Southeastern Asset Management's alternative buyout offer before it could possibly give two of its biggest shareholders more information about the PC maker.

In a letter sent by Dell's special committee of the board of directors to Icahn and Southeastern, the company said that it needs more materials and some clarifications on the pair's bid. The company said unless its board determines that the Icahn-Southeastern offer is a "superior proposal," it is not allowed to provide information or hold talks related to the bid.

Dell said that unless it receives the information that it requested, it is not in a position to evaluate whether the alternative bid is a superior proposal or not.

Icahn and Southeastern are trying to block the sale of Dell Inc. to founder and CEO Michael Dell and other investors. That group has offered to buy Dell for $24.4 billion, or $13.65 per share, but some shareholders argue that price is too low.

A vote on Michael Dell's bid is supposed to be held by Aug. 2, and the Round Rock, Texas, company's board of directors is trying to persuade shareholders the offer is a good deal considering the company's challenges. Dell and other PC makers have struggled with slumping sales in response to the growing popularity of smartphones and tablets. Consumers are spending their money on powerful, more convenient mobile devices like the phones and tablets instead of buying faster computers every few years.

The alternative offer by Icahn and Southeastern, which own a combined 13 percent of the computer maker's shares, would keep Dell publicly traded.

Dell shares fell 2 cents to $13.38 in premarket trading Monday.


 

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