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Systemax receives negotiated irrevocable binding offer for purchase of its France operations

  • Systemax (SYX +2.9%) receives irrevocable binding offer from Bechtle AG to acquire Inmac Wstore. Terms weren’t disclosed.
  • Pursuant to the offer, Systemax has the right to sell Inmac Wstore to Bechtle on the terms specified in the offer, and it has granted Bechtle exclusivity for a limited period. Pursuant to applicable French law, acceptance or rejection of the offer by Systemax will only follow consultation with Inmac Wstore's works council, which is expected to take up to several weeks.
  • The proposed sale would then be subject to customary closing conditions and deliverables and other regulatory approvals and it would be expected to close in late 2018.
  • Press Release

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