CDW to be Bought Out
By jason - up to 2007 (archived) • May 30th, 2007 • Category: News for Creatives (archives)TG Daily informs us that:
“Chicago, Ill. based private equity firm Madison Dearborn Partners said it will acquire technology distributor CDW for $7.3 billion in cash. Under the terms of the agreement, CDW will receive $87.75 in cash for each share of common stock, representing a 16.1% premium over the firm’s Friday closing price of $75.56. The acquisition is expected to be completed by early in the fourth quarter of this year.
The Vernon Hills, Ill. based distributor has been in business for 23 years; the company reported a profit of $266.1 million on revenues of $6.8 billion for 2006.”
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