WESCO Finalizing Acquisition of Anixter for Approximately $4.5bn
After a bit of a tug-of-war with other suitors, WESCO began to finalize its acquisition of Anixter on January 13th. Pursuant to details as published on www.tedmag.com:
Under the terms of the agreement, each share of Anixter common stock will be converted into the right to receive $70.00 in cash (subject to increase as described below), 0.2397 shares of WESCO common stock and preferred stock consideration valued at $15.89, based on the value of its liquidation preference.www.tedmag.com
DISCCORP sees this merger as a win-win-win: aside from the obvious win for WESCO (adding Anixter to its portfolio for both product and logistical footprints), win for Anixter (for its shareholders and investors), there is the added win for customers who will now have the ability to gain a larger array of products from a one-stop-shop.
Read the full article at Ted Magazine