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WCC - Wesco International: Transformative M&A Deal Is Highly Accretive To Shareholders
WESCO International Inc.
We see a long-term opportunity in Wesco (WCC) shares. The company is set to acquire Anixter International (AXE) in Q2 or Q3 (pending closing conditions) for what is to be a transformative $4.5B M&A deal.
That said, the market doesn’t seem enthusiastic about the acquisition, as reflected in Wesco’s share price. It is not without merit though, as a big acquisition in times of great uncertainty and economic recession, is not a recipe for optimism.
Wesco is taking on a significant amount of debt to finance the acquisition of Anixter. They