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.
* 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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