Distribution Solutions Group set for $35-a-share buyout by LKCM Headwater affiliates

By Public Technologies
  • Affiliates of LKCM Headwater plan to acquire the remaining Distribution Solutions Group shares for USD 35.00 per share in cash.
  • A newly formed merger subsidiary controlled by LKCM Headwater is marketing a USD 700 million Senior Notes due 2032 offering.
  • Proceeds, with an LKCM Headwater equity contribution, are expected to fund the buyout and repay part of existing credit-agreement debt.
  • The merger remains subject to customary closing conditions, including Distribution Solutions Group shareholder approval.


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