Scansource Buys MicroAge For $220.5 Mln In Cash
(RTTNews) - On Wednesday, Scansource, Inc. (SCSC), a technology product distributor, announced that it has acquired MicroAge, in an all-cash transaction for a purchase price of $220.5 million. The transaction is funded through borrowings under its existing credit facility.
(RTTNews) - On Wednesday, Scansource, Inc. (SCSC), a technology product distributor, announced that it has acquired MicroAge, in an all-cash transaction for a purchase price of $220.5 million. The transaction is funded through borrowings under its existing credit facility.
BELLINGS Intelligence Score: 12
Why it matters
This acquisition is a routine corporate transaction funded by existing credit facilities, with limited broader market impact or novelty for credit-market professionals.
Sources
Nasdaq
Scansource Buys MicroAge For $220.5 Mln In Cash
(RTTNews) - On Wednesday, Scansource, Inc. (SCSC), a technology product distributor, announced that it has acquired MicroAge, in an all-cash transaction for a purchase price of $220.5 million. The transaction is funded through borrowings under its existing credit facility.