Edition:
India

Anixter International Inc (AXE.N)

AXE.N on New York Stock Exchange

95.92USD
27 May 2020
Change (% chg)

$1.15 (+1.21%)
Prev Close
$94.77
Open
$95.50
Day's High
$96.25
Day's Low
$95.23
Volume
219,092
Avg. Vol
129,007
52-wk High
$99.39
52-wk Low
$52.98

Latest Key Developments (Source: Significant Developments)

Wesco International Says Upon Termination Of Merger, Under Specified Circumstances, Anixter Required To Pay A Termination Fee Of $100 Mln
Monday, 13 Jan 2020 

Jan 13 (Reuters) - Anixter International Inc ::WESCO INTERNATIONAL - UPON TERMINATION OF MERGER, UNDER SPECIFIED CIRCUMSTANCES, ANIXTER WOULD BE REQUIRED TO PAY CO A TERMINATION FEE OF $100 MILLION.WESCO INTERNATIONAL- UPON TERMINATION OF MERGER, UNDER SPECIFIED CIRCUMSTANCES, CO WOULD BE REQUIRED TO PAY ANIXTER A REVERSE TERMINATION FEE OF $190 MILLION.  Full Article

WESCO International And Anixter International Announce Merger Agreement
Monday, 13 Jan 2020 

Jan 13 (Reuters) - Anixter International Inc ::WESCO INTERNATIONAL AND ANIXTER INTERNATIONAL ANNOUNCE MERGER AGREEMENT TO CREATE A PREMIER ELECTRICAL AND DATA COMMUNICATIONS DISTRIBUTION AND SUPPLY CHAIN SERVICES COMPANY.ANIXTER INTERNATIONAL INC - TRANSACTION VALUED AT APPROXIMATELY $4.5 BILLION.ANIXTER INTERNATIONAL - EXPECTED TO GENERATE OVER $200 MILLION OF ANNUAL RUN-RATE COST SYNERGIES BY END OF YEAR THREE.ANIXTER INTERNATIONAL- STRONG COMBINED CASH FLOWS, ENHANCED MARGINS AND EPS ACCRETION IN FIRST FULL YEAR OF OWNERSHIP.ANIXTER INTERNATIONAL INC - ANIXTER'S PRIOR AGREEMENT TO BE ACQUIRED BY CLAYTON, DUBILIER & RICE, LLC HAS BEEN TERMINATED.ANIXTER INTERNATIONAL INC - WESCO, CO BOARDS' UNANIMOUSLY APPROVED A DEFINITIVE MERGER AGREEMENT UNDER WHICH WESCO WILL ACQUIRE ANIXTER.ANIXTER INTERNATIONAL- TOTAL CONSIDERATION REPRESENTS APPROXIMATELY $100 PER ANIXTER SHARE.ANIXTER - WESCO MAY ELECT TO SUBSTITUTE ADDITIONAL CASH CONSIDERATION TO REDUCE AMOUNT OF PREFERRED STOCK CONSIDERATION ON DOLLAR-FOR-DOLLAR BASIS.ANIXTER - EACH CO SHARE TO BE CONVERTED INTO RIGHT TO GET $70.00 IN CASH, 0.2397 SHARES OF WESCO STOCK & PREFERRED STOCK CONSIDERATION VALUED AT $15.89.ANIXTER INTERNATIONAL INC - ANTICIPATED THAT WESCO STOCKHOLDERS WILL OWN 84%, AND ANIXTER STOCKHOLDERS 16%, OF COMBINED COMPANY.ANIXTER - WESCO INTENDS TO OFFER COMBINATION OF DEBT, EQUITY, EQUITY-CONTENT SECURITIES BETWEEN SIGNING, CLOSING TO FUND CASH CONSIDERATION OF DEAL.  Full Article

Wesco International Says Most Recently Made An Offer Valued At $90 Per Anixter Share
Tuesday, 24 Dec 2019 

Dec 24 (Reuters) - Wesco International Inc ::WESCO INTERNATIONAL, INC. CONFIRMS PROPOSAL TO ACQUIRE ANIXTER INTERNATIONAL INC..WESCO INTERNATIONAL INC - MOST RECENTLY MADE AN OFFER VALUED AT $90 PER ANIXTER SHARE.WESCO INTERNATIONAL INC - CURRENTLY DETERMINING NEXT STEPS TO EFFECT A TRANSACTION AND EXPECT TO HAVE FURTHER COMMENT ON THESE MATTERS SHORTLY.WESCO INTERNATIONAL - BELIEVE CO'S ACQUISITION OF ANIXTER IS IN BEST INTERESTS OF BOTH COS, STOCKHOLDERS.  Full Article

Anixter International Announces Amended & Restated Merger Agreement With Clayton
Tuesday, 24 Dec 2019 

Dec 23 (Reuters) - Anixter International Inc ::ANIXTER INTERNATIONAL INC. ANNOUNCES AMENDED & RESTATED MERGER AGREEMENT WITH CLAYTON, DUBILIER & RICE TO INCREASE CONSIDERATION TO $86.00 PER SHARE AND A $2.50 CONTINGENT VALUE RIGHT.ANIXTER INTERNATIONAL INC - TRANSACTION IS NOW VALUED AT APPROXIMATELY $4 BILLION..ANIXTER INTERNATIONAL INC - AMENDED MERGER AGREEMENT WITH CLAYTON, DUBILIER & RICE UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS.ANIXTER - HAVE BEEN ADVISED BY CD&R THAT IT HAS MADE FULLY FINANCED PROPOSAL TO WESCO TO ACQUIRE ALL OF OUTSTANDING SHARES OF WESCO.ANIXTER INTERNATIONAL INC - BOARD OF WESCO HAS DETERMINED THAT CD&R PROPOSAL DOES NOT FORM BASIS FOR DISCUSSIONS AT THIS TIME.ANIXTER - CONTINGENT VALUE RIGHT IS DEPENDENT UPON CD&R ENTERING INTO AGREEMENT, WITHIN ONE YEAR AFTER CLOSING OF ANIXTER DEAL, TO ACQUIRE WESCO.  Full Article

Anixter International Inc Reports Q2 2019 Results
Thursday, 25 Jul 2019 

July 25 (Reuters) - Anixter International Inc ::. REPORTS SECOND QUARTER 2019 DILUTED EPS OF $1.86 AND ADJUSTED DILUTED EPS OF $2.05, UP 34%.Q2 ADJUSTED EARNINGS PER SHARE $2.05.Q2 SALES $2.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.23 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.56 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE $1.86.QTRLY ORGANIC SALES GROWTH OF 6.0%.INCREASING LOWER END OF OUR FULL YEAR 2019 SALES OUTLOOK FROM 3.5% TO 4%, WHILE REAFFIRMING UPPER END OF RANGE AT 6%.AFTER ADJUSTING FOR COPPER AND FOREIGN EXCHANGE, 2019 ORGANIC SALES GROWTH OUTLOOK IS 4.5% - 6.5%.SEES Q3 SALES GROWTH IS 2.0% - 4.0%, OR ORGANIC GROWTH OF 2.5% - 4.5%.ANIXTER INTERNATIONAL - REAFFIRM PREVIOUS ESTIMATE FOR FY CASH FLOW FROM OPERATIONS OF $150 MILLION - $175 MILLION AND CAPEX OF $55 MILLION - $60 MILLION.FY2019 REVENUE VIEW $8.83 BILLION -- REFINITIV IBES DATA.Q3 REVENUE VIEW $2.24 BILLION -- REFINITIV IBES DATA.ANIXTER INTERNATIONAL - EXPECTED Q3 ORGANIC GROWTH IS BELOW Q2 ORGANIC GROWTH RATE OF 6%, BUT COMPARED TO STRONG Q3 2018 QUARTER, A 7.4% GROWTH RATE.  Full Article

Anixter International Reports Q1 Adjusted EPS Of $1.33
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Anixter International Inc ::REPORTS FIRST QUARTER 2019 DILUTED EPS OF $1.14 AND ADJUSTED DILUTED EPS OF $1.33, UP 15%.Q1 ADJUSTED EARNINGS PER SHARE $1.33.Q1 SALES $2.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.03 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.17 -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE $1.14.CURRENT QUARTER SALES INCLUDE FAVORABLE IMPACT OF SECURITY ACQUISITIONS COMPLETED IN Q2 OF 2018.ANIXTER- BASED ON CURRENT CONDITIONS, HAVE INCREASED 2019 ORGANIC SALES GROWTH TO 4% - 6.5% RANGE, WITH Q2 2019 ORGANIC SALES GROWTH IN 3% - 5% RANGE.ANIXTER INTERNATIONAL - CURRENT QUARTER SALES ALSO INCLUDE UNFAVORABLE IMPACTS OF LOWER AVERAGE COPPER PRICES AND GENERALLY WEAKER FOREIGN CURRENCIES.ANIXTER INTERNATIONAL - "OPTIMISTIC THAT FAVORABLE SALES TRENDS THAT WE REALIZED IN Q1 OF 2019 WILL CONTINUE".ANIXTER INTERNATIONAL- REAFFIRM PREVIOUS ESTIMATE FOR FY CASH FLOW FROM OPERATIONS OF $150 MILLION- $175 MILLION AND CAPITAL EXPENDITURES OF $55 MILLION - $60 MILLION.  Full Article

Anixter International Inc Reports Q4 Adjusted Earnings Per Share of $1.53
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Anixter International Inc ::. REPORTS FOURTH QUARTER 2018 DILUTED EPS OF $1.22 AND ADJUSTED DILUTED EPS OF $1.53, UP 9%.Q4 ADJUSTED EARNINGS PER SHARE $1.53.Q4 SALES $2.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.11 BILLION.Q4 EARNINGS PER SHARE $1.22.Q4 EARNINGS PER SHARE ESTIMATE $1.45 -- REFINITIV IBES DATA.ESTIMATE 2019 ORGANIC SALES GROWTH IN 3% - 6% RANGE, WITH Q1 2019 ORGANIC SALES GROWTH IN 3% - 5% RANGE.ESTIMATE 2019 CASH FLOW FROM OPERATIONS OF $150 MILLION - $175 MILLION AND CAPITAL INVESTMENT OF $55 MILLION - $60 MILLION.DEBT-TO-TOTAL CAPITAL RATIO OF 44.4% FOR QUARTER, COMPARES TO 46.1% AT END OF 2017.  Full Article

Anixter International Says On Nov. 16, Entered Into A Third Amendment To A Credit Agreement
Wednesday, 21 Nov 2018 

Nov 20 (Reuters) - Anixter International Inc ::ANIXTER INTERNATIONAL SAYS ON NOV. 16, CO ENTERED INTO A THIRD AMENDMENT TO RECEIVABLES FACILITY CREDIT AGREEMENT - SEC FILING.ANIXTER INTERNATIONAL INC - AMENDMENT EXTENDS MATURITY DATE FROM OCT 5, 2020 TO NOV 16, 2023.  Full Article

Anixter International Announces Tender Offer By Anixter
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Anixter International Inc ::ANIXTER INTERNATIONAL INC. ANNOUNCES TENDER OFFER BY ANIXTER INC. FOR ANY AND ALL OF ITS $350 MILLION 5.625% SENIOR NOTES DUE 2019 AND RELATED SOLICITATION OF CONSENTS.ANIXTER INTERNATIONAL INC - TENDER OFFER WILL EXPIRE AT 11:59 P.M. NEW YORK CITY TIME, ON NOVEMBER 27.  Full Article

Deals of the day-Mergers and acquisitions

Dec 24 The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: