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.