CDW goes private for $7.3bn

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 …

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Posted Wednesday 30th May 2007 13:20 GMT

Jay Burns

Oh, goody! #

Great! Another opportunity for some "private equity firm" (read:the next generation of vulture capitalists) to enter a field that they know nor care absolutely nothing about, take a successful business that they know nor care nothing about, and cost-cut it into oblivion so they can unload the carcass some two years later. If I were a CDW employee, I'd be polishing up my resume in a big hurry.

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