Posted 11/04/09 at 08:08:32 AM by Paul Lilly

Dell on Tuesday announced the completion of its tender offer for Perot Systems. Under terms of the deal, Dell will accept Perot's stock at $30 per share, and in return own more than 90 percent of the company.

Completion of the acquisition forms a new business unit called Dell Services, which will provide IT services and business solutions to customers. Integrating Perot Systems also extends Dell's reach into hosting, consulting, applications and business-process outsourcing, and expands Dell's exiting managed and modular services.

"Dell Services will be a powerful organization with the extensive capabilities and global reach to address the needs of organizations of all types. The Dell and Perot Systems integration teams have been extremely productive in their planning, and we are ready to work on behalf of all our customers," Peter Altabel, the former CEO of Perot who will become president of Dell Services, said in a statement.

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