"Dell will buy Perot Systems for $3.9 billion..."
International computer giant Dell announced Monday that it will purchase Texas based Perot Systems founded by H. Ross Perot in 1988. While the merger is said to have efficiencies on both ends, the deal is structured to strategically expand Perot Systems to a much larger customer base. Dell is to take over all outstanding common stock of Perot Systems at $30.00 per/share in cash, which is a 65% premium over fridays closing price. Deal is set to close in Dell's November-January fiscal quarter.
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