Anixter stockholders OK Wesco merger
GLENVIEW - Stockholders of Anixter International Thursday approved the merger agreement with Wesco International.
Approximately 99.42% of the votes cast at the online special meeting voted in favor of the merger, which represented approximately 82.26% of the total outstanding shares of Anixter common stock as of Feb. 28, the company said in a statement Friday.
The Pittsburgh-based electrical products distributor won a bidding war for Anixter in January with a roughly $4.5 billion cash and stock deal that will absorb Glenview-based Anixter into Wesco's portfolio.
The deal is expected to close during the second or third quarter of 2020, officials said.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.