WESCO International (WCC) Won't Make Better Offer for Industrial Distribution Group (IDGR)
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WESCO International, Inc. (NYSE: WCC) announced today that it would not submit any further bids based on Industrial Distribution Group, Inc.'s (Nasdaq: IDGR) press release issued this morning that it had received a higher offer.
Industrial Distribution Group, Inc. (IDG) is a supplier of maintenance, repair, operating, and production (MROP) products and services to manufacturers and other industrial users, and through its Flexible Procurement Solutions (FPS) program, it provides different value-added business process outsourcing services and other arrangements. [SM]
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