FOTC

Bidding war for Anixter

After provisionally accepting a a $93.50 per share all-cash offer from private investment firm Clayton, Dubilier & Rice, Anixter International received a $97 per share cash-and-stock offer valued at $4.5 billion from industrial parts supplier Wesco International Inc. Anixter’s board will take the new offer under consideration.

Sourced through Scoop.it from: www.chicagotribune.com

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