Looking to expand its services business, server giant Dell Inc. has signed an agreement to acquire Perot Systems Corp. for $3.9 billion in cash.
Under the terms of the agreement, Round Rock, Texas-based Dell will pay $30 per share for all outstanding shares of Plano, Texas-based Perot. The deal pairs Dell’s strength in servers and networking with Perot’s strength in IT services and consulting. Upon completion of the deal, Perot Systems will become Dell’s services unit and be led by current Perot Systems CEO Peter Altabef. Perot Systems Chairman of the Board Ross Perot Jr. is expected to gain a seat on Dell’s board.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access