… Harwood Feffer …

Harwood Feffer LLP has commenced an investigation into the fairness of the sale of Datalink Corporation to Insight Enterprises, Inc.

Under the terms of the definitive merger agreement with Insight Enterprises, announced on November 7, 2016, Datalink’s stockholders are offered $11.25 per share in cash.

The transaction implies an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million (net of cash and debt acquired). 

The deal is anticipated to close in the first quarter of 2017.

Minnesota-based Datalink is a provider of IT services and solutions.  Datalink delivers value to Fortune 1000 and public sector clients by providing complete IT solutions that include hardware, software and services to create business impact for their clients.  

Datalink is Minnesota’s 36th largest public company, according to Business Journal research, generating $765 million in revenue last year.