WinWholesale agrees to acquire Noland Co. at $74/share

Noland Co. signed a merger agreement with national wholesale distributor WinWholesale, which will pay $74 in cash per Noland share and assume Noland's outstanding debt at closing. The Noland family controlled ~62% of shares.

“Noland Co. signed an agreement of merger with WinWholesale, a national wholesale distributor. Under the terms of the agreement, which was unanimously approved by a special committee of Noland's board of directors, as well as by both companies' boards, WinWholesale will pay $74 in cash for each Noland share and assume Noland's outstanding debt at closing.”

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