Dimension Data is offering $7.50 per share, 30% higher than the offer made by Compaq on April 26. It values Proxicom equity at $448 million or a transaction value of $376 million, taking into account cash on the balance sheet of $72 million. With the proposed purchase of Proxicom, Dimension hopes to expand its networking and managed services offerings into U.S. by adding e-business strategy, consulting and integration. -- Adrienne Mand
Copyright May 2001, Crain Communications Inc.