secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K/A
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001402057-22-000002
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW closes $2.5B acquisition of Sirius; pro forma revenues $16.9B for 9mo2021
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- Acquisition of Sirius (Granite Parent) closed Dec 1, 2021 for $2.5B cash, net consideration $2.418B.
- Pro forma net income for 9mo2021: $756M vs CDW standalone $773M; for FY2020: $667M vs $789M.
- Pro forma EPS diluted 9mo2021: $5.34 vs CDW $5.47; FY2020: $4.61 vs $5.45.
- Financed via $2.5B senior unsecured notes; $1B of Sirius debt repaid at closing.
- Preliminary purchase accounting: $1.14B intangible assets (customer relationships $1.09B, 12-yr life) and $1.5B goodwill.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205722000002/0001402057-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205722000002/cdw-20211201.htm
  HTML page:      https://secwatch.observer/filing/0001402057-22-000002

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