Dell Acquires Perot Systems (PER) for $3.9 Billion

Dell Inc. (NASDAQ: DELL) announced that it has agreed to buy Perot Systems Corporation (NYSE: PER) in a cash transaction valued at approximately $3.9 billion. Terms of the agreement were approved yesterday by the boards of directors of both companies.

Dell, which had indicated its intention to step up acquisitions, said it would launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash.

The value represents 67.50% premium over Friday’s closing price of $17.90. In the pre market trading, PER has jumped up 65.77% to $29.69.While, share of DELL has slipped over 4% to $16.00.