Mergers and Acquistions News
Categories: IT Services & Consulting
October 5th 2009, 15:18PM
Computer giant Dell has announced that it has commenced a tender offer to acquire IT services provider Perot Systems.
The cash tender, which will be made through a wholly-owned subsidiary of Dell, is for all outstanding shares of Perot Systems at a price of $30 (£18.82) per share, in a deal valued at approximately $3.9 billion (£2.4 billion).
It is hoped that the deal will assist Dell in expanding into a broader range of IT services and solutions, giving the company a better foothold for its long-term growth and efficiency.
"There will be efficiencies from combining the companies, but the acquisition makes such great sense because of the obvious ways our businesses complement each other," commented Dell chairman and chief executive officer Michael Dell when the deal was first announced last month.
Dell was recently awarded its sixth consecutive 'perfect' 100 per cent rating in the 2010 Corporate Equality Index, which assesses companies on their commitment to preventing discrimination in the workplace.
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