Tuesday, March 20, 2007
Chairman and founder of ACS makes buyout offer
DALLAS — According to this story, it appears local weathly gadabout and Kahlua enthusiast Darwin Deason has gotten an investment group together to privatize ACS, the consulting firm he founded.
Photo not provided by ACS
Hey, you've got to spend money to make money
According to Frontburner and the SEC, it appears that Deason may have been using ACS as his personal fiefdom long before the proposed buyout.
The investment group offered to purchase ACS for $59.25 per share, or $5.93 billion, as well as assuming $2.3 billion in debt. Shares of ACS rose from $51.29 to $59.50 on the news.
Posted by Todd M.
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