WESCO International wants to acquire Anixter for $97.00 per shareChristian Fernsby ▼ | January 3, 2020
WESCO International today submitted a revised proposal to the board of directors of Anixter International to acquire Anixter for $97.00 per share in cash and stock.
Acquisition WESCO International
Topics: WESCO International acquire Anixter
Anixter stockholders would participate in all the value upside in the WESCO common stock. The common stock consideration would be subject to downside protection, such that if the average market value of WESCO common stock prior to closing is between $47.10 per share and $58.88 per share, then the cash consideration paid at closing would be increased by up to $2.82 per share to ensure that the total consideration remains at $97.00 per Anixter share. ■