CHS Electronics to buy Metrologie
MIAMI, April 20 (Reuters) - CHS Electronics Inc., a distributor of microcomputers and
software, said Monday it would buy Metrologie International, a French computer products
distributor, for $87.7 million.
In the first of a two-part deal, CHS will acquire a majority stake in Metrologie for 20 French
francs a share, or about $3.31, from Apax Partners & Cie Ventures SA and certain other
shareholders. Metrologie, which booked $880 million in sales last year, has 28.7 million shares
outstanding, CHS said.
CHS expects to close the acquisition, which must gain regulatory approval, at the end of May.
The company will then tender for the Metrologie's remaining shares at the same price of 20
francs a share.
In all, CHS expected to pay $87.7 million for Metrologie, net of cash CHS will receive in
connection with options it will buy. |
