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Cerberus withdraws bid for Affiliated Computer

Tue Oct 30, 2007 10:45pm EDT
 
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NEW YORK, Oct 30 (Reuters) - Private equity firm Cerberus Capital Management LP [CBS.UL] has withdrawn its bid for Affiliated Computer Services Inc (ACS.N: Quote, Profile, Research, Stock Buzz), a person familiar with the matter said on Tuesday.

Affiliated's Chairman Darwin Deason and buyout shop Cerberus had made a $6.1 billion, or $62 per share, offer for the company in April.

(Reporting by Michael Flaherty and Emily Chasan)

 

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