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| Version 1 | Version 2 |
|---|---|
| Dell to acquire Perot for $3.9bn | Dell to acquire Perot for $3.9bn |
| (about 1 hour later) | |
| Computer giant Dell is buying IT services provider and fellow Texan firm Perot Systems for $3.9bn (£2.4bn). | Computer giant Dell is buying IT services provider and fellow Texan firm Perot Systems for $3.9bn (£2.4bn). |
| Dell said the takeover, which it hopes to conclude between November and January, will help it provide a wider range of services to its customers. | Dell said the takeover, which it hopes to conclude between November and January, will help it provide a wider range of services to its customers. |
| The all-cash deal will see Perot shareholders receive $30 per share, a 68% premium on the company's closing share price on Friday. | The all-cash deal will see Perot shareholders receive $30 per share, a 68% premium on the company's closing share price on Friday. |
| Perot is controlled by billionaire Ross Perot who twice ran for US president. | Perot is controlled by billionaire Ross Perot who twice ran for US president. |
| He ran as an independent candidate in both 1992 and 1996. | He ran as an independent candidate in both 1992 and 1996. |
| 'Premium asset' | 'Premium asset' |
| "We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth," said Dell's chairman and chief executive. | "We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth," said Dell's chairman and chief executive. |
| The acquisition makes such great sense because of the obvious ways our businesses complement each other Michael Dell | The acquisition makes such great sense because of the obvious ways our businesses complement each other Michael Dell |
| "This significantly expands Dell's enterprise-solutions capabilities and makes Perot Systems' strengths available to even more customers around the world," Michael Dell added. | "This significantly expands Dell's enterprise-solutions capabilities and makes Perot Systems' strengths available to even more customers around the world," Michael Dell added. |
| While Perot specialises in IT support for the likes of hospitals, government departments, and banks, Dell is best known for its personal computers. | While Perot specialises in IT support for the likes of hospitals, government departments, and banks, Dell is best known for its personal computers. |
| Mr Perot said the sale was a "great opportunity" for his company, which he founded in 1988. | Mr Perot said the sale was a "great opportunity" for his company, which he founded in 1988. |
| Mr Dell said the "the acquisition makes such great sense because of the obvious ways our businesses complement each other". | Mr Dell said the "the acquisition makes such great sense because of the obvious ways our businesses complement each other". |
| The takeover news comes a month after Dell reported that its second quarter revenues fell 22% from a year earlier to $12.8bn, as it continued to be hit by the global slowdown in sales of personal computers. |