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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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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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