Thursday, September 24, 2009

Dell will buy Perot Systems for $ 3.9 billion in cash

NEW YORK, Sept. 21 (Reuters) - Dell Inc. said on Monday it had agreed to buy the service company's information technology Perot Systems in a cash transaction that the maker of personal computers put at about 3 9 billion dollars.

Dell, which revealed its intention to expand acquisitions, said it would launch an offer to purchase all Class A shares of Perot Systems for $ 30 a share in cash.

The value represents a premium of about 67.5 percent against the closing price Friday of $ 17.91 in New York Stock Exchange.

Shares of Perot Systems jumped to $ 29.70 in electronic trading on Monday after the deal was announced.

Dell, which said the acquisition will help provide a wide range of services to customers, and opens the door to sell their computers to customers of Perot, expects the deal to increase the profit in fiscal 2012.

Perot Systems, founded in 1988 by Ross Perot, who ran twice for president of the United States must become the unit of Dell Services. The division will be headed by Peter Altabef, current chief executive of Perot Systems.