T. Rowe Price says it will not support Dell buyout

Money manager T. Rowe Price Group, one of the largest shareholders of computer maker Dell Inc, said it would not support Dell's leveraged buyout offer.

"We believe the proposed buyout does not reflect the value of Dell, and we do not intend to support the offer as put forward," T. Rowe Chief Investment Officer Brian Rogers said in a statement.

(Reporting by Tim McLaughlin; Editing by Lisa Von Ahn)