ACS Takes Itself Off The Market

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Shares of Affiliated Computer Services Inc. (NYSE: ACS) slid today after ACS said it was unable to come to terms on a sale of the company to a group of private-equity investors. The company said it would take itself off the market, prompting shares of ACS to drop 7 percent, closing down $4.32 at $56 a share.

ACS had been rumored to be in talks with an investor group including Blackstone, Texas Pacific Group, Bain Capital and Silver Lake Partners. The Dallas-based firm has 55,000 employees and reported revenue of $4.35 billion in the fiscal year that ended June 30.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.