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CDW to get new credit facility via JPMorgan and Lehman for LBO by Madison Dearborn
By Sara Rosenberg
New York, May 30 - CDW Corp. is planning on getting a new credit facility to help fund its buyout by Madison Dearborn Partners, LLC, according to a market source.
JPMorgan and Lehman Brothers are the lead banks on the deal.
Under the purchase agreement, CDW shareholders will receive $87.75 in cash per share. The transaction is valued at $7.3 billion.
Completion of the buyout is expected near the end of the third quarter or early in the fourth quarter, subject to the approval of CDW shareholders, regulatory approvals and customary closing conditions. The transaction is not conditioned on financing.
CDW is a Vernon Hills, Ill., provider of technology products and services to business, government and education customers.
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