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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Home health firm relocates to Ridglea from downtown

Southwest Home Health Services has leased new headquarters space in the Ridglea East Building in West Fort Worth, setting a plan in motion to relocate Oct. 1 from the downtown.

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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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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?