U.S. News

Affiliated Computer Hires Lazard to Evaluate Buyout Offer


Affiliated Computer Services said it hired Lazard as its financial advisor to evaluate an unsolicited buyout proposal from chairman and founder Darwin Deason and investment fund Cerberus Capital Management.

Deason and Cerberus Capital last week made a $5.9 billion offer to take the computer services company private. Its board responded by saying that it would hire an investment bank to help it review the proposal along with any other bids that might emerge.