Anixter International Inc. (AXE) - NYSE
  • Jul. 15, 2015, 5:12 PM
    • Anixter International (NYSE:AXE) agrees to acquire HD Supply's (NASDAQ:HDS) Power Solutions unit for $825M, in a deal AXE says will transform it into a leading North American electrical distribution platform.
    • The Power Solutions unit provides a range of products and services to publicly traded utilities, construction and industrial companies.
    • AXE expects the deal to be accretive to earnings in the first full year of operation.
    • After the sale, HDS says it now sees Q2 adjusted EPS of $0.50-$0.56 and revenues of $1.96B-$2.02B; the figures may not compare to analyst consensus estimates of $0.65 EPS on $2.53B revenues.
    | Jul. 15, 2015, 5:12 PM
  • Apr. 1, 2014, 3:59 PM
    • 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.
    | Apr. 1, 2014, 3:59 PM
Company Description
Anixter International, Inc. is engages in the distribution of enterprise cabling, security solutions, electrical and electronic wire, and cable through Anixter Inc. and its subsidiaries. The company operates through following business segments: Enterprise Cabling and Security Solutions,... More
Sector: Services
Industry: Industrial Equipment Wholesale
Country: United States