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Read: Anixter Ends Bidding War; Agrees to Wesco’s $4.5B Buyout Offer

Anixter Ends Bidding War; Agrees to Wesco’s $4.5B Buyout Offer

Anixter announced plans in October to be acquired by a Clayton, Dubilier & Rice affiliate for $3.8 billion; however, the deal allowed for better proposals.

Read: Anixter Favors New $100 Per Share Cash-and-Stock Offer by Wesco

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.

Read: Wesco Not Going Quietly, Submits Improved Buyout Bid for Anixter

Wesco Not Going Quietly, Submits Improved Buyout Bid for Anixter

Wesco raised its buyout bid for rival wholesale distributor Anixter to $97 a share in cash and stock, up from $93.50 a share.

Read: Anixter Agrees to CD&R’s Sweetened Buyout Bid Over Wesco

Anixter Agrees to CD&R’s Sweetened Buyout Bid Over Wesco

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.

Read: WESCO Identified as Competing Suitor to Acquire Anixter

WESCO Identified as Competing Suitor to Acquire Anixter

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.

Read: Anixter to Be Acquired for $3.8B by Private Equity Firm

Anixter to Be Acquired for $3.8B by Private Equity Firm

Anixter will become a private company following the all-cash transaction, which is expected to close by the end of the first quarter of 2020.

Read: Anixter Releases Dates for 2019 Stadium Training Series

Anixter Releases Dates for 2019 Stadium Training Series

The 2019 Anixter Stadium Series will feature training, networking, an expo, product demonstrations and an MLB ballgame.

Read: Anixter Teams With Partners to Secure Bird of Prey Sanctuary in Ireland

Anixter Teams With Partners to Secure Bird of Prey Sanctuary in Ireland

The distributor was joined by Axis Communications and local integrator Evolution in donating a security system at the National Bird of Prey Centre.

Read: All You Ever Wanted to Know About the “Trump Tax Cuts” but Were Afraid to Ask

All You Ever Wanted to Know About the “Trump Tax Cuts” but Were Afraid to Ask

Mitch Reitman will simplify the new IRS Code Section 199a that deals with huge tax credits for certain small businesses.

Read: Anixter Int’l Reports Record 3Q Sales in All Segments

Anixter Int’l Reports Record 3Q Sales in All Segments

The Network & Security Solutions segment reported quarterly sales of $1.14 billion, an increase of 8.5% or 6.4% on an organic basis.

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