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Ecommerce news::
Tabletop touch-screen computer aims to change the user interface as we know it. Computer Reseller CDW Sells For $7.3B. Buyout firms are hot for retailers,
http://www.myibizconsole.com/news/ecommerce/2007/6/11HOME |
Technology reseller CDW has agreed to merge with private equity firm Madison Dearborn Partners in a deal worth about $7.3 billion.
MDP said it is offering shareholders $87.75 in cash for each common stock
they hold. That's about a 16 percent premium over CDW's closing share price of
$75.56 Friday before published reports about a possible deal for the online
retailer of computers and electronic gear hit the marketplace.
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Business News for IT Managers::
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The deal puts one of the more successful retailers of computer gear in
the spotlight at a time when other direct sellers such as Dell, are eyeing
the CDW business model of selling direct to resellers over just selling
direct to consumers.
CDW is considered one of the more successful sellers of computer and
electronics to businesses and the government. But it's more than a
successful reseller to a vast network of resellers, or value-added resellers
(VARs).
It's also an Internet retailer, which distinguishes it from Best Buy, CompUSA and Circuit City, bricks and mortar electronics retailers that have been under pressure by online retailers. CompUSA, for example, recently
said it would close 126 of its 229 stores in the United States and Puerto Rico by the end of May.
"Even though CDW is significantly smaller than [those retailers], it can
be a viable competitor to Amazon.com. too" because of its online presence,
noted Van Baker, analyst and vice president with research firm Gartner.
블로그이름 - 미디어몹 > 기본형::
Computer Reseller CDW Sells For $7.3B [May 30, 2007] Buyout firms are hot for retailers, as long as they're online. Adobe Gives ColdFusion A Big Overhaul
http://www.mediamob.co.kr/infoland/frmView.aspx?list=sum&id=154034&page=5HOME |
"By making sure CDW focuses on the products its customer base wants, and
delivers a good experience, such as turnaround time and customer service,"
it's a different mix for online retailers of electronics, he added.
Other deals could emerge as well.
CDW said that, before approving the merger agreement, the company's board of directors conducted an auction
process in which a number of potential bidders participated.
Under the agreement, officials said, CDW will, with the assistance of Morgan Stanley,
actively solicit proposals from third parties during the next 30 days.
"CDW
advises that there can be no assurance that the solicitation of proposals
will result in an alternative transaction," the company said in a statement.
Still, another suitor appears unlikely to sweeten a 16 percent premium
price that MDP offered. The deal is expected to close by the end of the
third quarter this year.
Investors registered their approval of the deal, with CDW shares jumping close to 2.5 percent to $85.18 during
regular trading today.
As for how the tech-selling site will fare as a private entity within the
MDP constellation of companies, a company spokesman did not return a request
for comment.
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Computer Reseller CDW Sells For $7.3B 
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