Insight's Bargain Acquisition of PCM is a Massive Win
On June 24, 2019, Insight Enterprises (NSIT) announced a $35 per share cash acquisition of PCM, Inc. (PCMI). The deal is expected to close by November 2019. PCM is a multi-vendor technology hardware reseller and software vendor, which will complement Insights' cloud, data-center and hardware reseller solutions for corporations and governments. The total cost for the PCM common stock will be about $474 million and the total enterprise value acquisition cost will be $581 million (net of debt and cash acquired). PCM