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| Protecting the Rights of Shareholders and Consumers |
Perot Systems Corp. Securities Litigation
Perot Systems Corp. (NYSE: PER) shareholder litigation over alleged unfair takeover
On September 21, 2009, Perot Systems Corp. (“Perot” or the “Company”) announced that it agreed to sell the Company to Dell
Inc. (NasdaqGS: DELL). Under the terms of the agreement, Perot shareholders will receive $30 in cash for each share of Perot
common stock they own for a total transaction value of approximately $3.9 billion.
For fiscal year 2008, Perot had revenues of $2.79 billion and net income of $117 million, as compared to revenues of $2.61 billion
and net income of $115 million for fiscal year 2007. The investigation concerns whether the Perot Board of Directors breached
their fiduciary duties to Perot shareholders by selling the Company and agreeing to a no solicitation provision and a $130 million
termination fee.
On September 21, 2009, Perot Systems Corp. (“Perot” or the “Company”) announced that it agreed to sell the Company to Dell
Inc. (NasdaqGS: DELL). Under the terms of the agreement, Perot shareholders will receive $30 in cash for each share of Perot
common stock they own for a total transaction value of approximately $3.9 billion.
For fiscal year 2008, Perot had revenues of $2.79 billion and net income of $117 million, as compared to revenues of $2.61 billion
and net income of $115 million for fiscal year 2007. The investigation concerns whether the Perot Board of Directors breached
their fiduciary duties to Perot shareholders by selling the Company and agreeing to a no solicitation provision and a $130 million
termination fee.
