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History (1997): CHS Electronics Acquired Karma International

For $160 million

CHS Electronics has acquired Karma International for $160 million.

It will pay $74 million in cash, then $86 million in stock.

Karma’s existing management will continue to operate Karma as a subsidiary of CHS.

The transaction is expected to be completed in August of this year.

Upon completion, one representative of Karma will immediately be elected to the board of directors of CHS with an additional member.

This article is an abstract of news published on ≠114 on July 1997 from the former paper version of Computer Data Storage Newsletter.

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