This comes a day after Anixter, which supplies communications and security products, said it had agreed to a bid worth $86 per share and $2.50 per share contingent value rights from private equity firm Clayton, Dubilier & Rice. The equity value of Wesco’s bid for Anixter would be about $3 billion, according to Reuters calculations. Wesco’s per share offer is at a premium of 2.8% to the Anixter stock’s Monday close. …read more
Source:: Yahoo Finance
