Cdw (NASDAQ:CDWC)
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CDW Corporation (NASDAQ:CDWC), a leading provider of technology products
and services to business, government and education, today announced that
Institutional Shareholder Services (ISS) and Glass Lewis, two leading
proxy advisory firms, have recommended that CDW shareholders vote “FOR”
the proposed merger between CDW and VH Holdings, Inc. As previously
announced, CDW will hold a special meeting of shareholders on August 9,
2007. At this meeting, CDW shareholders will vote on the merger
agreement providing for the acquisition of CDW by VH Holdings, Inc.,
which upon closing of the merger will be controlled by investment funds
affiliated with Madison Dearborn Partners, LLC and Providence Equity
Partners Inc.
CDW’s board of directors has approved the
merger agreement and recommends approval of the merger agreement by CDW
shareholders. Completion of the transaction is subject to certain
conditions, including shareholder approval and other customary closing
conditions.
ABOUT CDW
CDW®, ranked No. 342 on the FORTUNE 500, is a
leading provider of technology solutions for business, government and
education. CDW is a principal source of technology products and services
including top name brands such as Acer, Adobe, APC, Apple, Cisco, EMC,
Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony,
Symantec, ViewSonic and Xerox. CDW's direct model offers customers
one-on-one relationships with knowledgeable account managers and access
to approximately 820 on-staff engineers and advanced technology
specialists who customize solutions for customers’
complex technology needs. CDW also provides same-day product shipping
and post-sales technical support.
CDW was founded in 1984 and as of June 30, 2007, employed approximately
5,880 coworkers. In 2006, the company generated sales of $6.8 billion.
For more information, visit CDW.com.
Where You Can Find Additional Information
In connection with the proposed merger between CDW and a subsidiary of
VH Holdings, Inc., CDW filed with the SEC, and has furnished to its
shareholders, a definitive proxy statement soliciting proxies for the
meeting of its shareholders to be held with respect to the Merger on
August 9, 2007. CDW SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT
CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. CDW shareholders
and other interested parties can obtain, without charge, a copy of the
proxy statement and other relevant documents filed with the SEC from the
SEC’s website at http://www.sec.gov.
CDW shareholders and other interested parties can also obtain, without
charge, a copy of the proxy statement and other relevant documents by
directing a request by mail or telephone to CDW Corporation, 200 N.
Milwaukee Ave., Vernon Hills, Illinois 60061, Attention: Corporate
Secretary, telephone: (847) 465-6000, or from CDW’s
website, http://www.cdw.com.
CDW and certain of its directors, executive officers and other members
of management and employees may, under SEC rules, be deemed to be “participants”
in the solicitation of proxies from shareholders of CDW with respect to
the proposed transaction. Information regarding the persons who may be
considered “participants”
in the solicitation of proxies is set forth in the definitive proxy
statement described above.
Statements about the expected timing, completion and effects of the
proposed merger between CDW and a subsidiary of VH Holdings, Inc. and
all other statements in this release other than historical facts,
constitute forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements, each of which is qualified in its entirety
by reference to the following cautionary statements. Forward-looking
statements speak only as of the date hereof and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially from
those projected in the forward-looking statements. CDW may not be able
to complete the proposed merger because of a number of factors,
including, among other things, the failure to obtain shareholder
approval, the failure of financing or the failure to satisfy other
closing conditions. Other risks and uncertainties that may affect
forward-looking statements are described in the reports filed by CDW
with the SEC under the Securities Exchange Act of 1934, as amended,
including without limitation CDW’s Annual
Report on Form 10-K for the year ended December 31, 2006, and the
definitive proxy statement dated July 13, 2007, relating to the special
meeting of shareholders to be held to vote on the merger agreement.
For more information about CDW:
Visit CDW on the Internet at http://www.cdw.com.
Contact CDW Investor Relations via the Internet at investorrelations@cdw.com
or by telephone at 847-419-6328.
CDW is a registered trademark and CDW@work is a trademark of CDW
Corporation. Other company and product names may be trademarks of their
respective owners.