Dell Acquires Ross Perot's Tech Company For $3.9 Billion

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Dell (DELL) will acquire Perot Systems for $30 a share or about $3.9 billion, the WSJ reports.

The price is a 68% premium. Both boards have approved the deal.

Perot Systems provides “a full range of cost-containment solutions,” according to its Web site. Think outsourcing. It employs some ~25,000 people.

Former presidential candidate and billionaire H. Ross Perot founded Perot Systems, and as of 2007, owns 25% of its stock. His son Ross Perot junionr is now the company chairman.

More details gathered by Reuters:

  • The transaction is not subject to a financing condition.
  • Dell expects the acquisition to be accretive to GAAP earnings in fiscal 2012.
  • Perot Systems will become Dell’s services unit.
  • The companies together represent $8 billion in services revenue.
  • Perot Systems CEO Peter Altabef will remain in charge.

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