Centerview Partners is acting as lead financial advisor while Wells Fargo Securities is acting as financial advisor to Anixter
Anixter supplies communications and security products and electrical and electronic wire and cable. (Credit: Pixabay/Pexels)
Anixter International announced that, at a special meeting of stockholders held on April 9, 2020, Anixter’s stockholders approved the adoption of the previously announced merger agreement relating to the proposed transaction between Anixter and WESCO International (“WESCO”), whereby Anixter will become a wholly owned subsidiary of WESCO.
Approximately 99.42% of the votes cast at the special meeting voted in favor of the merger, which represented approximately 82.26% of the total outstanding shares of Anixter common stock as of February 28, 2020, the record date for the special meeting. After certification by the Company’s inspector of elections, the final voting results for the Company’s special meeting will be filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Form 8-K.
The merger remains subject to various customary closing conditions, including receipt of approvals or clearances, or the expiration, termination or waiver of the waiting periods, under the antitrust laws of Canada and Mexico, and is expected to close during the second or third quarter of 2020.
Advisors
Centerview Partners LLC is serving as lead financial advisor and Wells Fargo Securities, LLC is also serving as financial advisor to Anixter. Sidley Austin LLP is serving as legal advisor.
Barclays is serving as financial advisor to WESCO, and Wachtell, Lipton, Rosen & Katz is serving as legal advisor.
Source: Company Press Release