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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Westchester Plaza manager says "business as usual" for now

The future of a redevelopment plan for the 50-year-old Westchester Plaza on Fort Worth's Near Southside is unclear.

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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

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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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