Recent News: Dell Completes Tender Offer for Perot Systems

ROUND ROCK, TX (November 3, 2009) -- Dell today announced the successful completion of its tender offer for Perot Systems, an offer which expired Monday at midnight (EST). Dell has accepted the shares validly tendered and has notified Perot Systems of its exercise of its top-up option to acquire Perot Systems shares. As a result of the tenders and the top-up option exercise, Dell will own more than 90 percent of outstanding Perot Systems shares and expects to promptly complete the acquisition of Perot Systems, significantly expanding Dell’s portfolio of technology services and business solutions. The 108,774,629 tendered shares represent about 87.7 percent of outstanding Perot Systems shares. An additional 3,961,266 shares were tendered by notice of guaranteed delivery.

Dell Services, a new business unit formed by the acquisition, will develop and deliver a best-in-class suite of end-to-end IT services and business solutions that reduce IT complexity and lower costs for customers. The integration of Perot Systems extends Dell Services into hosting, consulting, applications and business-process outsourcing, and expands Dell’s existing managed and modular services. The combination leverages Perot Systems’ capabilities across Dell’s much larger customer base, spanning global corporations, government agencies, health care and educational institutions, and small and medium enterprises.

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