Dell Inc. to Acquire Perot Systems for About $3.9 Billion

September 21, 2009

(ChattahBox) — Dell Inc. said Monday it has agreed to buy the information technology services company Perot Systems Corp. (NYSE: PER) offering $30 per share in cash, a 68 percent premium over Friday’s closing price, which comes to about $3.9 billion.  Perot Systems Corporation is an information technology services provider based in Plano, Texas. H. Ross Perot and eight associates founded Perot Systems in June 1988. Perot Systems a Fortune 1000 corporation with more than 23,000 associates, maintains offices in more than 25 countries around the world, including the United States, Europe, India, China and Mexico and was was named to the Fortune magazine “Most Admired Companies in America” list for IT Services in 2008.

Dell said the two companies share “complementary” characteristics, including “relationship-based business cultures.”  The company said Perot will become Dell’s service unit, led by Perot CEO Peter Altabef, and expand the company’s IT services offerings for businesses and widen the pool of potential customers for its computers. Dell said it expects to close the deal in the November-January quarter.

Source


Comments

5 Responses to “Dell Inc. to Acquire Perot Systems for About $3.9 Billion”

  1. Anna Langella on September 21st, 2009 11:10 am

    Wow. That is a game changer of sorts….
    After HP/Compaq/DE lining up service and hardware…. took Dell long enough to decide to go this route….
    To bad they missed coming up with a competitive mp3 player/phone with a developer network… but hey competing the old fashion way on service and support has gotta work… doesn’t it?

  2. “Dell Acquires Ross Perot’s Tech Company For $3.9 Billion” and related posts | One Syndicate: News That Matters on September 21st, 2009 12:00 pm

    […] Dell Inc. to Acquire Perot Systems for About $3.9 Billion – ChattahBox News Blog […]

  3. bruce jones on September 21st, 2009 1:47 pm

    I’m glad there able to spend 3.9 billion dollars must be nice give me about 35 million and see what I do with it.

  4. Dell Inc. to Acquire Perot Systems for About $3.9 Billion … « iTag.in on September 21st, 2009 5:18 pm

    […] rest is here: Dell Inc. to Acquire Perot Systems for About $3.9 Billion … Share and […]

  5. Phone Reviews on September 21st, 2009 8:01 pm

    Once again, Dell plays follow the leader. HP bought a Plano-based services company, so Mikey did too.

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