Dell to Buy Perot Systems for $3.9B

Dell plans to buy Perot Systems for $30 a share, a premium of about 68% to Perot's closing stock price Friday of $17.91.
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ROUND ROCK, Texas (

TheStreet

) --

Dell

(DELL) - Get Report

said Monday it reached an agreement to acquire

Perot Systems

(PER) - Get Report

for about $3.9 billion, or $30 a share.

The offer is a premium of about 68% to Perot's closing price Friday of $17.91.

The boards of both companies approved the deal Sunday.

-- Reported by Joseph Woelfel in New York

.

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