Dell to Buy Perot Systems Monday, September 21, 9:08 AM ET
Dell and Perot Systems have entered an agreement for Dell (NASDAQ:DELL) to acquire Perot Systems (PER) 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.
The companies believe that the complementary strengths of the companies will enhance Dell’s IT services portfolio and Perot Systems’ Global Reach.
Dell and Perot together represent $8 Billion in services revenue.
The acquisition is expected to be accretive to GAAP Earnings in fiscal 2012.
In premarket trading Dell is down a little more than 4% and Perot is up over 65% from Friday's close.
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