Anixter accepts $3.8B private-buyout bid, but is looking for better offers

Anixter has entered an agreement with an affiliate of private-investment firm Clayton, Dubilier and Rice (CD&R) to be acquired in an all-cash transaction valued at approximately $3.8 billion. Anixter expects the deal, which will take the company private, to close by the end of 2020’s first quarter but is still actively shopping other offers.

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