The Channel logo

News

By | Team Register 30th May 2007 00:45

CDW goes private for $7.3bn

Bid premium etc.

CDW, the big US computer dealer, is selling itself to a private equity firm for $7.3bn. That's a 16.1 per cent premium over CDW's closing price on Friday.

The deal is an all- Illinois affair - CDW is based in Vernon Hills and its prospective new owner, Madison Dearborn Partners LLC, hangs out in Chicago.

Approval from shareholders and regulators is required, but Madison Dearborn starts off with a huge advantage: CDW founder Michale Krasney controls 22 per cent of the stock and he is voting in favour of the takeover.

Founded in in 1984, CDW employs more than 5,500 staff. Last year, it generated net income of $266.1m on sales of $6.8bn. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that