• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks

    Commercial Solutions To Be Acquired by Industrial Distribution Group

    Investing News Network
    Dec. 04, 2012 04:22PM PST
    Oil and Gas Investing

    Commercial Solutions (TSX:CSA) announced that it has entered into a Letter of Intent with Industrial Distribution Group, Inc., where Industrial Distribution Group will acquire Commercial Solutions for a cash purchase price of CAD$51.38 million, translating into approximately CAD$1.50 in cash per Common Share.

    Commercial Solutions (TSX:CSA) announced that it has entered into a Letter of Intent with Industrial Distribution Group, Inc., where Industrial Distribution Group will acquire Commercial Solutions for a cash purchase price of CAD$51.38 million, translating into approximately CAD$1.50 in cash per Common Share.

    Completion of the proposed transaction is subject to certain conditions including, but not limited to, the execution of a definitive binding arrangement agreement, approval of the Board of Directors of IDG, the approval of at least 66 and 2/3% of the votes cast in person or by proxy at a special meeting of the Company’s shareholders, and regulatory and court approval.

    Commercial Solutions’ President and Chief Executive Officer Jim Barker says:

    This transaction brings our shareholders significant value and opportunity for our organization to integrate with a North American leader to provide a strong platform for enhanced client service and expanded opportunities for our employees.

    Click here to read the Commercial Solutions (TSX:CSA) press release

    See this press release on Marketwire
    Click here to see the Commercial Solutions (TSX:CSA) profile.

    tsx:csaboard of directors
    The Conversation (0)

    Go Deeper

    AI Powered
    Gage Growth Corp. Announces US$55 Million Senior Secured Debt Financing

    Gage Growth Corp. Announces US$55 Million Senior Secured Debt Financing

    DGTL Holdings Inc. Signs NYSE Listed CPG Brand as New Key Account

    DGTL Holdings Inc. Signs NYSE Listed CPG Brand as New Key Account

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×