CDW shareholders OK $7.3 billion merger with equity firms

By Lisa Kerner

Charlotte, N.C., Aug. 10 - CDW Corp. shareholders voted to approve the company's merger agreement with VH Holdings, Inc. at a special meeting held on Thursday. Shareholders will receive $87.75 cash per share in the $7.3 billion transaction.

Of the 78% of eligible shares voted at the meeting voted, 94% voted in favor of the deal.

Following the merger's close, expected by early in the fourth quarter, CDW will be controlled by affiliates of Madison Dearborn Partners, LLC and Providence Equity Partners Inc.

Madison Dearborn is a Chicago-based private equity investment firm, and Providence Equity Partners is a private equity firm based in Providence, R.I.

CDW, located in Vernon Hills, Ill., provides multi-branded technology products for business, government and education.

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