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Add-on acquisition Announced Jul 2007 Closed Jul 2007 Verified

Watsco to acquire ACR Group via cash tender offer

Relationship map

Relationship map for Watsco to acquire ACR Group via cash tender offerparent ofWatsco Inc.: PlatformWatsco Inc.ACR Group Inc.: Operating CompanyACR Group Inc.
Operating CompanyPlatform

Parties
Acquirer
Watsco Inc.
Platform
Target
ACR Group Inc.
Operating Company

Market signals

Summary

Watsco Inc. and ACR Group Inc. signed a definitive merger agreement under which Watsco will acquire ACR's outstanding common stock via a $6.75/share cash tender offer; ACR will operate as a subsidiary of Watsco under its present name.