Consolidation Time in the US IT Industry – Dell Wants to Buy Perot Systems for $3.9 Bln

dell-logoReuters New York commented today that Dell Inc mentioned it had struck a deal to acquire the computer services maker Perot Systems Corp. In this cash transaction the Perot Systems personal computer maker was valued at about $3.9 billion.

Dell, which had indicated its intention to step up acquisitions, said it would launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash.

That represents a premium of about 67.5 percent from Friday’s closing price of $17.91 on the New York Stock Exchange. The new strategy of Dell is showing thus its first stepts. Michael Dell, the computer maker’s CEO, has announced that it would embark on a series of acquisitions this year and the next. The reason is that the organic growth plans of Dell do not seem to work as they should and that the acquisitions remains the only viable route to growht. We’ll see..

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