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Monday 18th of January 2010
September 21, 2009    

Dell acquires Perot in $3.9bn deal

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by Kay Murchie

Dell, which is the world’s second-largest maker of personal computers, is to acquire Perot Systems in a $3.9 billion (£2.4 billion) deal.

Perot Systems, which is based in Texas, was founded by Texas billionaire and former US presidential candidate, Ross Perot.

The company specialises in IT support for hospitals, Government departments and banks.

Dell said it plans to acquire all ordinary shares of the company for $30 a share - a 68% premium on last Friday’s closing price.

Following the news, shares in Dell lost 0.9% in pre-market trading to $15.79, while shares in Perot rose almost 12% to $29.69 in pre-market trading.

Dell hopes the takeover will be finalised by January and said it will help it provide a wider range of services to its customers, while Mr Perot said the sale was a “great opportunity” for his company.

The two companies have a combined enterprise-hardware and IT-services revenue of $16 billion, with 50% of this deriving from enhanced services and support.

Last month, Dell posted a 23% fall in second quarter profit to $12.8 billion as a result of a slump in the sale of personal computers.

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Tags: $3.9bn, , , Dell, Perot