IDG Withdraws Offer For Commercial Solutions

The Industrial Distribution Group has withdrawn its offer to buy Commercial Solutions Inc., Edmonton Alberta. IDG said last month that it was buying Commercial Solutions for  C$51.4 million.

Feb 19, 2013
The Industrial Distribution Group has withdrawn its offer to buy Commercial Solutions Inc., Edmonton Alberta.

IDG said last month that it was buying Commercial Solutions for  C$51.4 million.

No reason was given why the offer was withdrawn.

Commercial is a Canadian distributor of bearings, power transmission equipment, oilfield, industrial and safety products.

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