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Anixter sale said to stall as buyers balk

  • An effort to sell wiring parts maker Anixter International (AXE -5.1%) has stalled as potential buyers reject the company’s price expectations, Bloomberg reports.
  • French electrical-equipment distributor Rexel (RXEEY), earlier considered one of the more likely buyers, apparently decided to pass, and P-E funds Advent and CVC Capital also chose not to bid.
  • AXE reportedly was seeking offers of more than $115/share, while Rexel wasn’t willing to pay more than $110.
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