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DALLAS (AP) - An investment group that includes the founder and chairman of Affiliated Computer Services is offering $5.93 billion in cash to take the information technology services company private.
Affiliated Computer Services Inc. Chairman Darwin Deason said Tuesday he has teamed with investment partner Cerberus Capital Management to make the $59.25 per share bid. That represents a 15.5 percent premium to ACS's closing price Monday of $51.29 on the New York Stock Exchange.
But ACS shares rose above the offered price Tuesday, climbing $8.69, or 17 percent, to close at $59.98 on the New York Stock Exchange. They have traded in a 52-week range of $46.50 to $63.61.
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