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

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon