Anixter Favors New $100 Per Share Cash-and-Stock Offer by Wesco
Rival bidder Clayton, Dubilier & Rice will have five business days to negotiate a counter offer, according to Anixter’s announcement.
Rival bidder Clayton, Dubilier & Rice will have five business days to negotiate a counter offer, according to Anixter’s announcement.
The acquisition is said to give IPVideo’s sales channel the opportunity to strengthen and expand its service offerings and enhance product capabilities.
Birmingham, Ala.-based Alabama Card Systems is a provider of identification card systems, electronic access control and surveillance equipment.
ADT says the deal enhances its ability to bring new initiatives to a broader customer base more quickly, including consumer financing, DIY gear and more.
Wesco raised its buyout bid for rival wholesale distributor Anixter to $97 a share in cash and stock, up from $93.50 a share.
The revised per-share consideration represents a premium of about 31% over Anixter’s closing price on Oct. 29. The new bid is now valued at $4.3 billion.
Iverify is a leading, full-service interactive security company that provides life safety, loss prevention, cyber breach reduction and brand protection.
Sources tell streetinsider.com the “interested party” referenced by Anixter in a Form 8-K filed to the SEC on Dec. 4 is WESCO Int’l.
SSI rounds up the security industry’s most notable mergers and acquisitions of the year, including multibillion-dollar deals for Vivint, Anixter and more.
The deal expands Honeywell’s gas monitoring, industrial processing and software solutions in oil and gas, petrochemical and power industries.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
The new IEEE 802.3bt standard increases the maximum PoE power available mainly by utilizing all four pairs of the structured wiring.
