FOTC

WESCO and Anixter sign $4.5-billion merger agreement

WESCO International Inc. and Anixter International Inc. boards of directors have unanimously approved a merger agreement under which WESCO will acquire Anixter in a transaction valued at approximately $4.5 billion. Anixter’s prior agreement to be acquired by Clayton, Dubilier & Rice LLC was terminated after CD&R waived its right to match WESCO’s $100-per-share offer for Anixter.

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