A consortium of investment firms is in talks to acquire Affiliated Computer Services, a technology outsourcing company with clients that include General Electric and McDonald's, for about $8 billion, people briefed on the negotiations said.
The group is led by the Texas Pacific Group and includes Bain Capital and the Blackstone Group, these people said. Silver Lake Partners had been part of the group, these people said, but recently dropped out.
Under the terms of the proposed deal, the consortium would pay about $62 a share for Affliated, which before yesterday's run up in its stock price, would have been a premium of about 15 percent. (from New York Times, December 23, 2005. "$8 Billion Deal Said to Be in Works for Tech Company." Retrieved from http://www.nytimes.com)
Wednesday, December 28, 2005
ACS for sale - $8B
Ok - I'm trying to not post at the end of the year, but this is news worth posting.
