Anixter International Inc., a distributor of network & security solutions, electrical & electronic solutions and utility power solutions, enters into a definitive agreement with an affiliate of Clayton, Dubilier & Rice (‘CD&R’) to be acquired in an all cash transaction valued at approximately $3.8 billion.
The transaction will result in Anixter becoming a private company and is expected to close by the end of the first quarter of 2020. Under the terms of the merger agreement, CD&R-managed funds will acquire all of the outstanding shares of Anixter common stock for $81.00 per share in cash.
