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Van Oss said IDG's past financial performance was "stable" and that WESCO sees the potential for improvement in the company. WESCO will finance the acquisition through its existing financial facilities.
Platinum Equity had offered $10.30 a share in cash, or $113 million. The private equity fund, which owns Strategic Distribution and metals distributor Ryerson, will have the opportunity to match or top the WESCO offer. Platinum has until April 21 to do so.