Industrial Distribution Group (IDGR) Accepts Higher $11.75/Sh Offer from WESCO Distribution
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- Industrial Distribution Group (IDGR) Accepts Higher $11.75/Sh Offer from WESCO Distribution
Industrial Distribution Group (Nasdaq: IDGR) said its Board of Directors intends to withdraw its recommendation of the pending acquisition of the Company by an affiliate of Platinum Equity Advisors, LLC , in order to accept and recommend the definitive offer received from WESCO Distribution, Inc. to acquire the Company for a price of $11.75 per share in cash to the Company's stockholders. [LJ]
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