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Dell Buys Perot Systems for $3.9 billion in Cash
21 Sep 2009
Dell Inc has agreed to buy the information technology services company Perot Systems Corp for about $3.9 billion.
Dell would soon launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash. This is 66 percent premium to the present stock value.
Perot Systems, based in Plano, Texas, was founded by former presidential candidate Ross Perot. Dell is hopeful that Perot will expand the company's IT services offerings for businesses and widen the pool of potential customers for its computers.
Dell has quoted that this acquisition will help it provide a broader range of services to its customers and open the door to the sale of Dell PCs to Perot's clients.
Tags
dell, perot systems, it services, dell acquisitions
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