WinWholesale to acquire and take private Noland Company for $74/share

WinWholesale signed a merger agreement to acquire plumbing/electrical/HVAC distributor Noland Company at $74 per share in cash via tender offer, taking it private and delisting from NASDAQ. Combined 2005 revenues expected to exceed $2 billion.

“WinWholesale, one of the nation's largest industrial wholesale distributors, announced that it has signed an agreement of merger with Noland Company, a leading wholesale distributor of plumbing, electrical, HVAC, mechanical equipment, and supplies.”

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