Financial buyers have snatched up companies big and small with the goal of growing and later selling in hopes of a high return on investment. Here's a look at two deals:
WESCO Distribution (electrical)
Who: Clayton, Dubilier & Rice, New York
When: February 1994
The Details: WESCO was the electrical products distribution unit of Westinghouse Electric. According to CD& R, WESCO was losing money, sales and employees as part of Westinghouse. CD& R acquired the captive unit from Westinghouse for $330 million.
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Financial buyers have snatched up companies big and small with the goal of growing and later selling in hopes of a high return on investment. Here's a look at two deals:
WESCO Distribution (electrical)
Who: Clayton, Dubilier & Rice, New York
When: February 1994
The Details: WESCO was the electrical products distribution unit of Westinghouse Electric. According to CD& R, WESCO was losing money, sales and employees as part of Westinghouse. CD& R acquired the captive unit from Westinghouse for $330 million.
Attractive ...
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