Daisytek, based in Allen, TX, is a wholesale distributor of computer and office supplies and provider of marketing and demand generation services. "With the IRS ruling, we are one step closer to regaining control of the Memphis Superhub, which has been the cornerstone of our logistics network for a number of years. This transaction enables us to be one of the most efficient and customer-responsive providers in our industry," says Jim Powell, Daisytek's president and CEO. A May closing is anticipated.
The IRS ruling had been needed to ensure the purchase did not interfere with June 2000 IRS rulings regarding the spin-off of PFSweb. In July 2000, Daisytek had spun off the firm into a publicly traded company. PFSweb had acquired the distribution center in the breakaway.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
