Pomeroy IT director wants to acquire company for $4.50 per share

By Lisa Kerner

Charlotte, N.C., Feb. 20 - Pomeroy IT Solutions Inc.'s board of directors formed a special committee to consider director David B. Pomeroy II's offer to acquire the company for $4.50 per share.

The committee will also explore other alternatives to enhance stockholder value, Pomeroy IT said.

David Pomeroy, the company's largest stockholder, said in a letter to the company that GE Commercial Distribution Finance committed debt financing for the acquisition.

GECDF is the sole lender under Pomeroy IT's existing amended and restated credit facilities agreement, a company news release said.

Pomeroy IT Solutions is a Hebron, Ky.-based provider of information technology services.

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