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Article: Pomeroy IT Solutions, Inc. Announces Agreement To Be Acquired by Platinum Equity for $6.50 Per Share in Cash.
- Article from:
- Economics & Business Week
- Article date:
- October 17, 2009
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Pomeroy IT Solutions, Inc. (NASDAQ:PMRY), an information technology ("IT") solutions provider (the "Company"), announced that it has entered into a definitive merger agreement to be acquired by affiliates of private equity firm Platinum Equity, LLC. Under the terms of the merger agreement, Platinum Equity, through its affiliates, will acquire all of the outstanding common stock of the Company for $6.50 per share.
The Company also announced that, immediately prior to entering into the merger agreement with Platinum Equity's affiliates, the Company terminated its previously announced merger agreement with Hebron LLC, Desert Mountain Acquisition Co., and David B. ...