Loading ...CDW to be bought by Madison Dearborn for $7.3 bln
Posted on May 29th, 2007 by ElectroGeek
Computer retailer CDW Corp. became the latest company to be swallowed up by a private equity firm, announcing on Tuesday it had agreed to be bought by Madison Dearborn Partners LLC for $7.3 billion.
CDW shares, which have already climbed about 39 percent since early March, had risen on Tuesday morning to $84.90, their highest Nasdaq level since September 2000, after the Wall Street Journal reported the company was in takeover talks.
CDW said in a statement late on Tuesday its board had held an auction for various potential bidders before approving the Madison Dearborn deal, under which CDW shareholders will get $87.75 in cash for each share of CDW common stock.
Full Story Via Reuters
Filed under: Business and Finance
