The global merger and acquisition activity in the technology sector touched a whopping USD 31.4 billion this month, the highest monthly volume for technology targeted M&A since May 2008. For the month of September the technology targeted M&A stood at USD 31.4 billion, led by Xerox Corp's USD 8.4 billion acquisition of Affiliated Computer Services Inc (ACS). On September 28, Xerox Corporation announced the acquisition of outsourcing entity Affiliated Computer Services in a cash and stock deal. Both companies have entered into a definitive agreement in this regard and Xerox would be shelling out USD 63.11 per share for ACS.
"The Xerox-ACS deal is the largest technology deal announced globally this year and the second largest cross industry Technology targeted deal in the past five years," global deal tracking firm Dealogic said. According to Dealogic, USD 31.4 billion is the highest monthly volume for technology targeted M&A since May 2008, when transaction worth USD 35.3 billion were announced. Besides, the month of September saw as many as eight deals, including the world's second largest PC maker Dell's USD 3.9 billion acquisition of Perot Systems.
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