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Notes to the consolidated financial statements
Year ended 31 July 2007
40. Post balance sheet events
In August 2007, the Group acquired 100 per cent of ProSource Building Supply, Western Air Systems & Controls, Inc., Davidson Pipe Company, Inc., T&R Electrical Wholesalers Ltd and Proaktiv Bygglogistic i Stockholm AB for an estimated aggregate consideration of £86 million. The estimated net assets acquired were £34 million and estimated goodwill was £52 million.
Both the cost of acquisition and the fair values of assets and liabilities acquired are estimates based on information available to the Group at the date of approval of these financial statements. Further adjustments will be necessary when additional information is available.