Join The Discussion

 

Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

read more >

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

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.


 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?