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Anixter Intl, Inc.
Ticker Symbol: AXE* CUSIP: 035290105 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/22/20
Company's Online Profile
BUSINESS: Anixter International, Inc. is a leading global supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components. Anixter helps its customers specify solutions and make informed purchasing decisions around technologies, applications and relevant standards. Throughout the world, Anixter provides innovative supply chain management solutions to reduce customers' total cost of production and implementation.
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Notes: June 22, 2020, WESCO International, Inc., a Delaware corporation (“WESCO”), completed its previously announced acquisition of Anixter International Inc., a Delaware corporation (“Anixter”). Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 10, 2020 (the “Merger Agreement”), by and among Anixter, WESCO and Warrior Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of WESCO (“Merger Sub”), Merger Sub was merged with and into Anixter (the “Merger”), with Anixter surviving the Merger and continuing as a wholly owned subsidiary of WESCO. At the effective time of the Merger (the “Effective Time”), each outstanding share of common stock, par value $1.00 per share, of Anixter (the “Anixter Common Stock”) (subject to limited exceptions, including shares with respect to which dissenters’ rights have been validly exercised in accordance with Delaware law) was converted into the right to receive (i) $72.82 in cash, without interest, after giving effect to certain adjustments set forth in the Merger Agreement (the “Cash Consideration”), (ii) 0.2397 shares of common stock of WESCO (the “Common Stock Consideration”), par value $0.01 per share (the “WESCO Common Stock”) and (iii) 0.6356 depositary shares (the “Preferred Stock Consideration”), each representing a 1/1,000th interest in a share of newly issued fixed-rate reset cumulative perpetual preferred stock of WESCO, Series A, with a $25,000 stated amount per whole preferred share and an initial dividend rate equal to 10.625% (the “WESCO Series A Preferred Stock” and, collectively with the Cash Consideration and the Common Stock Consideration, the “Merger Consideration”). Jan 02, 2020 -- Anixter International Inc. (NYSE:AXE), a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions, has agreed to a further amendment and restatement of the Amended Merger Agreement (the “Second Amended Merger Agreement”) with Clayton, Dubilier & Rice LLC (“CD&R”) to increase the per-share consideration payable to Anixter’s shareholders to $93.50 per share in cash (from $86.00 per share in cash and a $2.50 contingent value right upon the occurrence of certain events). The transaction is now valued at approximately $4.3 billion.
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IPO - 1/1/1900
Large Cap Stock -
Market Value $ 3 Billion
Yahoo News Summary for AXE*
YAHOO! Profile for AXE*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for AXE*
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 2301 Patriot Blvd., Glenview, IL 60026 |
Main Phone Number |
224-521-8000 |
Fax Number |
224-521-8557 |
Investor Contact (Treasurer)
Kevin Burns
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224-521-8258
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Toll Free Phone Number |
800-323-8167 |
CEO - William A. Galvin |
CFO - Theodore A. Dosch |
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