Dell acquires 90% of Perot Systems; merger to create Dell Services

By Lisa Kerner

Charlotte, N.C., Nov. 3 - Dell Inc. announced that 108,774,629, or about 87.7%, of the outstanding shares of Perot Systems Corp. were tendered in Dell's $30-per-share cash tender offer that ended at midnight ET on Monday.

According to Dell, it exercised its top-up option to own more than 90% of Perot's outstanding shares.

Dell expects to promptly complete its acquisition of Perot and form a new business unit, Dell Services, which will be lead by Perot chief executive officer Peter Altabef.

In September, Dell agreed to acquire Perot in a deal valued at $3.9 billion.

Dell, a Round Rock, Texas, computer company, expects the merger to be accretive to its GAAP earnings in its fiscal 2012.

Perot, located in Plano, Texas, provides information technology services and business solutions.

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