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Author: needausername Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41315  
Subject: CDW Agrees to Be Acquired in $7.3B Deal Date: 5/29/2007 8:24 PM
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Hardware and Tech Distributer CDW Agrees to Be Acquired by Private Equity Firm in $7.3B Deal


VERNON HILLS, Ill. (AP) -- CDW Corp. on Tuesday announced that the distributor of hardware, software and technology accessories has agreed to be acquired by a private equity company in a $7.3 billion deal.

Under the agreement with Chicago's Madison Dearborn Partners LLC, CDW shareholders will receive $87.75 in cash for each share of common stock, CDW said in a news release issued after the close of business.

CDW said that's a 16.1 percent premium over the Vernon Hills-based company's $75.56 closing share price Friday and a premium of approximately 31.4 percent over the average closing share price during the previous 90 trading days.


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http://biz.yahoo.com/ap/070529/cdw_buyout.html?.v=7
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