Needham & Company Downgrades Datalink Corporation (DTLK) to Hold Following Takeover
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Insight Enterprises to Acquire Datalink
November 7, 2016 5:05 AM ESTTEMPE, Ariz. and EDEN PRAIRIE, Minn., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Insight Enterprises (Nasdaq: NSIT), an Intelligent Technology Solutions provider (Insight or the Company), and Datalink Corporation (Nasdaq: DTLK), a leading provider of IT services and enterprise data center solutions (Datalink), have entered into a definitive merger agreement under which Insight will acquire Datalink for $11.25 per share in cash, representing a 19% premium to Datalinks closing share price on November 4, 2016. The transaction implies an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million (net of... More
