VERNON HILLS, Ill., May 21, 2014 (GLOBE NEWSWIRE) -- CDW Corporation (Nasdaq:CDW) today announced the commencement of a public offering of 15,000,000 shares of its common stock held by the selling stockholders pursuant to a registration statement filed with the Securities and Exchange Commission. The underwriter will have a 30-day option to purchase up to an additional 2,250,000 shares of common stock from the selling stockholders. CDW Corporation will not receive any of the proceeds from the sale of the shares of common stock.
Barclays Capital Inc. is acting as sole underwriter in this offering.
The proposed offering is being made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (888) 603-5847 or emailing Barclaysprospectus@broadridge.com.
CDW Corporation has filed a registration statement on Form S-3ASR, which was effective upon filing, to which this communication relates. Copies of the registration statement can be accessed through the Securities and Exchange Commission's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CDW is a Fortune 500 company and a leading provider of technology solutions for business, government, education and healthcare.
This press release includes "forward-looking statements," including with respect to the proposed public offering. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Sari L. Macrie, CFA
Vice President, Investor Relations
Vice President, Corporate Communications