Dell To acquire Perot Systems For $3.9 Billion

Wednesday, September 23, 2009

Dell is aiming to strengthen their IT services, this time it is doing so by acquiring a global provider of IT services and business solutions Perot Systems in a transaction valued at approximately $3.9 billion.
Under the terms of the agreement, Dell will commence a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash. With this acquisition.

After the acquisition , Perot systems will become Dell services unit and led by peter altabef, the current CEO of Perot systems. At the same time, Dell directors are expected to consider Ross Perot Jr., Perot Systems' chairman of the board, for appointment to the Dell board. Based on current estimates, the transaction is expected to be accretive to Dell's GAAP earnings in its fiscal 2012

Michael Dell said, "We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth. "

Michel Dell said This significantly expands Dell's enterprise-solutions capabilities and makes Perot Systems' strengths available to even more customers around the world. There will be efficiencies from combining the companies, but the acquisition makes such great sense because of the obvious ways our businesses complement each other.

"This transaction represents a great opportunity for our company and our associates. Today's announcement is the next step in formalising a relationship that has flourished for some time. When my father founded Perot Systems he envisioned a global information-technology leader. The new, larger Dell builds on that promise and its own successes by taking Perot Systems' expertise to more customers than ever," added Ross Perot Jr., chairman, board, Perot Systems.

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