Perot System Acquired By Dell For $3.9 Billion , Dell Buys Perot System - YourDataPlan - Telecom Updates & Gadget News

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Perot System Acquired By Dell For $3.9 Billion , Dell Buys Perot System

Tags : perot, dell stock, dell perot systems, dell perot, perot systems dell 
 

Dell and Perot Systems have entered a definitive agreement for Dell to acquire Perot Systems in a transaction valued at approximately $3.9 billion. Terms of the agreement were approved yesterday by the boards of directors of both companies.


The acquisition will result in a compelling combination of two iconic information-technology brands. The expanded Dell will be even better positioned for immediate and long-term growth and efficiency driven by:

* Providing a broader range of IT services and solutions and optimizing how they’re delivered;

* Extending the reach of Perot Systems’ capabilities, including in the most dynamic customer segments, around the world, and,

* Supplying leading Dell computer systems to even more Perot Systems customers.

The Round Rock, Texas-based Dell said Monday that it will offer Perot for $30 per share, a 67% premium to the IT firm's Friday closing price of $17.91. The deal is expected to be completed during Dell's fiscal fourth quarter ending in January.

The move marks a strategic shift for Dell, which has stuck with its personal computer and server sales even as its rivals like Hewlett-Packard (HP) and IBM (IBM, Fortune 500) continue to diversify amid slumping hardware sales.




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