CDW (CDW) Announces 10M Common Offering; Will Repurchase 2M Common Shares

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CDW (CDW) Prices 10M Common Secondar Offering at $36.80/Share

May 19, 2015 9:18 AM EDT

CDW (NASDAQ: CDW) announced the pricing of a public offering of 10,000,000 shares of its common stock held by selling stockholders at a price to the public of $36.80 per share. The underwriters have a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the selling stockholders at the public... More

Raymond James Maintains Outperform Following the Announced CDW (CDW) Share Offering

May 19, 2015 8:27 AM EDT

Raymond James maintains an Outperform rating and $42 price target on CDW Corporation (NASDAQ: CDW) following an announced $10M share offering. Analyst Brian Alexander said that CDW announced a $10M share offering after the market close on Monday. Also, a 2 million share repurchase.

Alexander commented on the CDW announcement, saying, "Shares are being offered mostly... More