Wesco international and anixter international announce merger agreement

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.
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