Affiliated Computer gets buyout offer from founder, Cerebrus

03/20/07 - newratings.com

NEW YORK, March 20 (newratings.com) – Affiliated Computer Services (ACS) Tuesday announced that it had received a $5.9 billion buyout offer from its founder Darwin Deason and investment fund Cerebrus Capital Management.

The offer price of $59.25 per share represents a 15.5% premium to Affiliated Computer Services’ closing price on Monday. The total deal price comes to $8.2 billion on the inclusion of debt that may be refinanced or remain outstanding. Deason would remain the company’s executive chairman even after the completion of the buyout deal.