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  to Section 13 or 15(d) of</font></div>
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  Report (Date of earliest event reported): March 28, 2008</font></div>
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        5<font style="DISPLAY: inline; FONT-SIZE: 10pt">th</font>
        Floor</font></div>
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  telephone number, including area code (212) 594-4800</font></div>
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        240.14d-2(b))</font></div>
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        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="item_1_26_1"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
  1.01 Entry Into a Material Definitive Agreement</font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
  28, 2008, Merisel, Inc. (&#8220;Merisel&#8221;) entered into an Agreement and Plan of Merger
  (the &#8220;Merger Agreement&#8221;) with TU Holdings, Inc., a Delaware corporation
  (&#8220;Holdings&#8221;), and its wholly-owned subsidiary, TU Merger, Inc., a Delaware
  corporation (&#8220;Merger Sub&#8221;). Pursuant to the terms of the Merger Agreement,
  Merger Sub will merge with and into Merisel (the &#8220;Merger&#8221;), and Merisel will
  continue as the surviving corporation and a wholly-owned subsidiary of
  Holdings.&#160;&#160;Holdings is a wholly-owned subsidiary of American Capital
  Strategies, Ltd. (&#8220;ACAS&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  Merger Agreement was unanimously approved by a special committee of the Board of
  Directors of Merisel (the &#8220;Special Committee&#8221;) which was appointed by the Board
  of Directors to consider this matter.&#160;&#160;The Merger Agreement was also
  unanimously approved by the Board of Directors of Merisel.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At the
  effective time of the Merger, each outstanding share of common stock of Merisel,
  other than the shares owned by any stockholders who properly exercise
  dissenters&#8217; rights under Delaware law, will be cancelled and converted into the
  right to receive $5.75 in cash, without interest.&#160;&#160;The Merger
  Agreement and the transactions contemplated thereby will be submitted to a vote
  of Merisel&#8217;s stockholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
  connection with the Merger, Merisel also entered into a Voting, Support and
  Redemption Agreement, dated as of March 28, 2008 (the &#8220;Support Agreement&#8221;), with
  Holdings, Stonington Capital Appreciation 1994 Fund, L.P. and Phoenix
  Acquisition Company II, L.L.C., pursuant to which the stockholders that are
  parties thereto have agreed to vote their Merisel shares in favor of the Merger
  and Merisel has agreed, at the effective time of the Merger, to redeem the
  outstanding shares of its convertible preferred stock pursuant to the terms
  thereof.&#160;&#160;The vote of the shares subject to the Support Agreement is
  sufficient to adopt the Merger Agreement and approve the Merger.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  closing of the Merger is conditioned upon the approval of the stockholders of
  Merisel and the satisfaction or waiver of other customary closing conditions.
  The closing of the Merger is not conditioned on the receipt of any financing by
  Holdings or Merger Sub.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  Merger Agreement contains certain termination rights for Holdings, including if
  Merisel&#8217;s Board of Directors (or the Special Committee) changes its
  recommendation to the stockholders of Merisel in response to a superior
  proposal. The Merger Agreement also provides that, upon the termination of the
  Merger Agreement, under specified circumstances, Merisel will be required to pay
  Holdings a termination fee of $2,500,000.&#160;&#160;Additionally, under
  specified circumstances, Holdings will be required to pay Merisel a termination
  fee of $3,500,000.&#160;&#160;ACAS agreed to guarantee the liability of any such
  amounts payable by Holdings to Merisel pursuant to a Commitment Agreement, dated
  as of March 28, 2008 (the &#8220;Commitment Agreement&#8221;), between Merisel and
  ACAS.&#160;&#160;ACAS&#8217;s, Holdings&#8217; and Merger Sub&#8217;s maximum liability under any
  circumstance pursuant to the Merger Agreement or the transactions contemplated
  thereby is capped at $3,500,000.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  foregoing summary of the Merger Agreement, Support Agreement and Commitment
  Agreement and the transactions contemplated thereby does not purport to be
  complete and is subject to, and qualified in its entirety by, the full text of
  the Merger Agreement, Support Agreement and Commitment Agreement, each of which
  is attached as an exhibit to this report and incorporated herein by
  reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additional
  Information and Where to Find It</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
  connection with the proposed Merger, Merisel intends to file relevant materials
  with the Securities and Exchange Commission (&#8220;SEC&#8221;), including a proxy
  statement, with respect to the proposed transaction. &#160;Such documents,
  however, are not currently available. Investors are urged to read the proxy
  statement regarding the proposed transaction when it becomes available, because
  it will contain important information. Investors will be able to obtain a free
  copy of the proxy statement, as well as other filings containing information
  about Merisel, without charge, at the SEC&#8217;s website (<font style="DISPLAY: inline; TEXT-DECORATION: underline">http://www.sec.gov</font>)
  once such documents are filed with the SEC. Copies of the proxy statement can
  also be obtained, without charge, once they are filed with the SEC, by directing
  a request to Merisel, Inc., Attention: Shareholder Relations, 127 West 30th
  Street, 5th Floor, New York, New York 10001, (212) 594-4800.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Merisel
  and its directors, executive officers and other members of management and
  employees may be deemed to be participants in the solicitation of proxies from
  Merisel stockholders in respect of the proposed Merger. &#160;Information
  regarding Merisel directors and executive officers is available in Merisel's
  proxy statement for its 2007 annual meeting of stockholders. Additional
  information regarding the interests of such potential participants will be
  included in the proxy statement and the other relevant documents filed with the
  SEC when they become available.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
  Report and the exhibits furnished herewith contain statements concerning
  Merisel's expectations for future performance, as well as statements relating to
  the potential acquisition of Merisel by Holdings, and are forward-looking
  statements as that term is used in the Private Securities Litigation Reform Act
  of 1995. Any such forward-looking statements are inherently speculative and are
  based on currently available information, operating plans and projections about
  future events and trends. As such, they are subject to numerous risks and
  uncertainties. Actual results and performance may be significantly different
  from expectations. Merisel undertakes no obligation to update any such
  forward-looking statements. &#160;Please see Merisel&#8217;s filings with the SEC,
  including Merisel&#8217;s Annual Report on Form 10-K, for a discussion of specific
  risks that may affect performance.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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  28, 2008, Merisel issued a press release announcing that it had entered into the
  Merger Agreement. A copy of the press release is attached hereto as an exhibit
  and incorporated herein by reference.</font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        No.</font></div>
                </td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: normal; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit
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        </font></td>
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        among TU Holdings, Inc., TU Merger, Inc. and Merisel,
  Inc.</a></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
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                </td>
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        Capital Appreciation 1994 Fund, L.P. and Phoenix Acquisition Company II,
        L.L.C.</a></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="23%">
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        Inc.</a></font></div>
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                </td>
              </tr>
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                </td>
              </tr>
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            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
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  </font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">SIGNATURES</font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div>
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              <tr>
                <td align="left" valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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        INC.</font></div>
                </td>
                <td align="left" valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:
        April 1, 2008</font></div>
                </td>
                <td align="left" valign="top" width="3%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
                </td>
                <td valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        /s/Donald R. Uzzi</font></td>
                <td align="left" valign="top" width="11%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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        </font></td>
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              <tr>
                <td align="left" valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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        Chairman, Chief Executive Officer and President</font></div>
                </td>
                <td align="left" valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
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          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
  </font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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  INDEX</font></div>
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          <div>
            <table cellpadding="0" cellspacing="0" width="100%">
                <tr>
                  <td align="left" valign="top" width="23%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit
        No.</font></div>
                  </td>
                  <td align="left" valign="top" width="66%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit
        Title</font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="23%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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                </tr>
                <tr>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit2_1.htm">2.1</a></font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit2_1.htm">Agreement and Plan of Merger, dated March 28, 2008,
        among TU Holdings, Inc., TU Merger, Inc. and Merisel,
  Inc.</a></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                </tr>
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        of March 28, 2008, between TU Holdings, Inc., Merisel, Inc., Stonington
        Capital Appreciation 1994 Fund, L.P. and Phoenix Acquisition Company II,
        L.L.C.</a></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                </tr>
                <tr>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit2_3.htm">2.3</a></font></div>
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        between American Capital Strategies, Ltd. and Merisel,
        Inc.</a></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                </tr>
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text: filename.htm
  UNITED
  STATES
  SECURITIES
  AND EXCHANGE COMMISSION
  WASHINGTON,
  D.C. 20549
  FORM
  8-K
  CURRENT
  REPORT
  Pursuant
  to Section 13 or 15(d) of
  the
  Securities Exchange Act of 1934
  Date of
  Report (Date of earliest event reported): March 28, 2008
  MERISEL,
  INC.
  (Exact
  name of registrant as specified in its charter)
  Delaware
  01-17156
  95-4172359
  (State
        or other jurisdiction of incorporation)
  (Commission
        File Number)
  (I.
        R. S. Employer identification No.)
  127
        W. 30
  th
  Street,
        5
  th
  Floor
  10001
  New
        York, NY
  (Zip
        Code)
  (Address
        of principal executive offices)
  Registrant's
  telephone number, including area code (212) 594-4800
  Check the
  appropriate box below if the Form 8-K filing is intended to simultaneously
  satisfy the filing obligations of the registrant under any of the following
  provisions (see General Instruction A.2. below):
  o
  Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)
  þ
  Soliciting
        material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)
  o
  Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))
  o
  Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))
  Item
  1.01 Entry Into a Material Definitive Agreement
  On March
  28, 2008, Merisel, Inc. ("Merisel") entered into an Agreement and Plan of Merger
  (the "Merger Agreement") with TU Holdings, Inc., a Delaware corporation
  ("Holdings"), and its wholly-owned subsidiary, TU Merger, Inc., a Delaware
  corporation ("Merger Sub"). Pursuant to the terms of the Merger Agreement,
  Merger Sub will merge with and into Merisel (the "Merger"), and Merisel will
  continue as the surviving corporation and a wholly-owned subsidiary of
  Holdings.  Holdings is a wholly-owned subsidiary of American Capital
  Strategies, Ltd. ("ACAS").
  The
  Merger Agreement was unanimously approved by a special committee of the Board of
  Directors of Merisel (the "Special Committee") which was appointed by the Board
  of Directors to consider this matter.  The Merger Agreement was also
  unanimously approved by the Board of Directors of Merisel.
  At the
  effective time of the Merger, each outstanding share of common stock of Merisel,
  other than the shares owned by any stockholders who properly exercise
  dissenters' rights under Delaware law, will be cancelled and converted into the
  right to receive $5.75 in cash, without interest.  The Merger
  Agreement and the transactions contemplated thereby will be submitted to a vote
  of Merisel's stockholders.
  In
  connection with the Merger, Merisel also entered into a Voting, Support and
  Redemption Agreement, dated as of March 28, 2008 (the "Support Agreement"), with
  Holdings, Stonington Capital Appreciation 1994 Fund, L.P. and Phoenix
  Acquisition Company II, L.L.C., pursuant to which the stockholders that are
  parties thereto have agreed to vote their Merisel shares in favor of the Merger
  and Merisel has agreed, at the effective time of the Merger, to redeem the
  outstanding shares of its convertible preferred stock pursuant to the terms
  thereof.  The vote of the shares subject to the Support Agreement is
  sufficient to adopt the Merger Agreement and approve the Merger.
  The
  closing of the Merger is conditioned upon the approval of the stockholders of
  Merisel and the satisfaction or waiver of other customary closing conditions.
  The closing of the Merger is not conditioned on the receipt of any financing by
  Holdings or Merger Sub.
  The
  Merger Agreement contains certain termination rights for Holdings, including if
  Merisel's Board of Directors (or the Special Committee) changes its
  recommendation to the stockholders of Merisel in response to a superior
  proposal. The Merger Agreement also provides that, upon the termination of the
  Merger Agreement, under specified circumstances, Merisel will be required to pay
  Holdings a termination fee of $2,500,000.  Additionally, under
  specified circumstances, Holdings will be required to pay Merisel a termination
  fee of $3,500,000.  ACAS agreed to guarantee the liability of any such
  amounts payable by Holdings to Merisel pursuant to a Commitment Agreement, dated
  as of March 28, 2008 (the "Commitment Agreement"), between Merisel and
  ACAS.  ACAS's, Holdings' and Merger Sub's maximum liability under any
  circumstance pursuant to the Merger Agreement or the transactions contemplated
  thereby is capped at $3,500,000.
  The
  foregoing summary of the Merger Agreement, Support Agreement and Commitment
  Agreement and the transactions contemplated thereby does not purport to be
  complete and is subject to, and qualified in its entirety by, the full text of
  the Merger Agreement, Support Agreement and Commitment Agreement, each of which
  is attached as an exhibit to this report and incorporated herein by
  reference.
  Additional
  Information and Where to Find It
  In
  connection with the proposed Merger, Merisel intends to file relevant materials
  with the Securities and Exchange Commission ("SEC"), including a proxy
  statement, with respect to the proposed transaction.  Such documents,
  however, are not currently available. Investors are urged to read the proxy
  statement regarding the proposed transaction when it becomes available, because
  it will contain important information. Investors will be able to obtain a free
  copy of the proxy statement, as well as other filings containing information
  about Merisel, without charge, at the SEC's website (
  http://www.sec.gov
  )
  once such documents are filed with the SEC. Copies of the proxy statement can
  also be obtained, without charge, once they are filed with the SEC, by directing
  a request to Merisel, Inc., Attention: Shareholder Relations, 127 West 30th
  Street, 5th Floor, New York, New York 10001, (212) 594-4800.
  Merisel
  and its directors, executive officers and other members of management and
  employees may be deemed to be participants in the solicitation of proxies from
  Merisel stockholders in respect of the proposed Merger.  Information
  regarding Merisel directors and executive officers is available in Merisel's
  proxy statement for its 2007 annual meeting of stockholders. Additional
  information regarding the interests of such potential participants will be
  included in the proxy statement and the other relevant documents filed with the
  SEC when they become available.
  Forward-Looking
  Statements
  This
  Report and the exhibits furnished herewith contain statements concerning
  Merisel's expectations for future performance, as well as statements relating to
  the potential acquisition of Merisel by Holdings, and are forward-looking
  statements as that term is used in the Private Securities Litigation Reform Act
  of 1995. Any such forward-looking statements are inherently speculative and are
  based on currently available information, operating plans and projections about
  future events and trends. As such, they are subject to numerous risks and
  uncertainties. Actual results and performance may be significantly different
  from expectations. Merisel undertakes no obligation to update any such
  forward-looking statements.  Please see Merisel's filings with the SEC,
  including Merisel's Annual Report on Form 10-K, for a discussion of specific
  risks that may affect performance.
  Item
  7.01 Regulation FD Disclosure
  On March
  28, 2008, Merisel issued a press release announcing that it had entered into the
  Merger Agreement. A copy of the press release is attached hereto as an exhibit
  and incorporated herein by reference.
  Item
  9.01 Financial Statements and Exhibits
  (d)  Exhibits.
  Exhibit
        No.
  Exhibit
        Title
  2.1
  Agreement and Plan of Merger, dated March 28, 2008,
        among TU Holdings, Inc., TU Merger, Inc. and Merisel,
  Inc.
  2.2
  Voting, Support and Redemption Agreement, dated as
        of March 28, 2008, between TU Holdings, Inc., Merisel, Inc., Stonington
        Capital Appreciation 1994 Fund, L.P. and Phoenix Acquisition Company II,
        L.L.C.
  2.3
  Commitment Agreement, dated as of March 28, 2008,
        between American Capital Strategies, Ltd. and Merisel,
        Inc.
  99.1
  Press Release dated March 28, 2008
  SIGNATURES
  Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.
  MERISEL,
        INC.
  Date:
        April 1, 2008
  By:
  /s/Donald R. Uzzi
  Name:
        Donald R. Uzzi
  Title:
        Chairman, Chief Executive Officer and President
  EXHIBIT
  INDEX
  Exhibit
        No.
  Exhibit
        Title
  2.1
  Agreement and Plan of Merger, dated March 28, 2008,
        among TU Holdings, Inc., TU Merger, Inc. and Merisel,
  Inc.
  2.2
  Voting, Support and Redemption Agreement, dated as
        of March 28, 2008, between TU Holdings, Inc., Merisel, Inc., Stonington
        Capital Appreciation 1994 Fund, L.P. and Phoenix Acquisition Company II,
        L.L.C.
  2.3
  Commitment Agreement, dated as of March 28, 2008,
        between American Capital Strategies, Ltd. and Merisel,
        Inc.
  99.1
  Press Release dated March 28, 2008