Deal Snapshot
WESCO INKS USD 4.5BN DEAL FOR ANIXTER INTERNATIONAL
Tuesday 14 January 2020

US-based network and security products, electrical and electronic solutions and utility power solutions distributor Anixter International Inc. (NYSE: AXE) has signed definitive merger agreement under which US-based Wesco International, Inc. (NYSE: WCC) will acquire Anixter in a transaction valued at approximately USD 4.5bn, the companies said.
Anixter's board deemed the latest offer from Wesco as superior to the company's existing buyout deal with investment firm Clayton, Dubilier and Rice.


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Details
Date Published: 14/01/2020
Target: Anixter International
Country: USA
Deal Size: 4.5bn (USD)
Sector: Utilities
Type: LBO
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Wesco International
Buyer Advisor: Barclays , Wachtell, Lipton, Rosen and Katz
Comment:
Wesco swoops in and snatches deal from Clayton, Dubilier and Rice

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