Dell to buy Perot Systems for $3.9bn

Posted By: Staff
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New York, Sep 21: Computer maker Dell Inc on Monday, Sep 21 said it will buy Perot Systems Corp for $3.9 billion to expand beyond the personal computer business.

Dell said, "Perot, founded by former presidential candidate Ross Perot, will expand the company's IT services offerings for businesses and widen the pool of potential customers for its computers."

Dell plans to buy Perot for $30 per share in cash. The deal is expected to be completed during Dell's fiscal fourth quarter ending in Jan 2010. Perot will remain based in Plano, Texas.

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