AXE News and Press, Anixter International Inc. From 06/16/20

PITTSBURGH , June 16, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE:  WCC) ("WESCO International") announced today that WESCO Distribution, Inc. ("WESCO") has further extended the Expiration Time (as defined below) of WESCO's previously announced tender offers (each, an "...

This article is part of a series that provides an ongoing analysis of the changes made to Ariel Investments’ 13F stock portfolio on a quarterly basis. It is based on Ariel Investments’ regulatory 13F Form filed on 05/14/2020. John Rogers’ 13F portfolio value decreased ~3...

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...

PITTSBURGH , June 1, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("WESCO"), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, and Anixter Internati...

PITTSBURGH , May 29, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("WESCO International") announced today that WESCO Distribution, Inc. ("WESCO") has extended the Expiration Time (as defined below) of WESCO's previously announced tender offers (each, an "Offer" and, tog...

and Anixter Inc. announces expiration and final results of its consent solicitations related to its 5.50% Senior Notes due 2023 and 6.00% Senior Notes due 2025 WESCO International, Inc. (NYSE: WCC) (“WESCO International”) announced today the early results of the prev...

PITTSBURGH and GLENVIEW, Ill. , May 14, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("WESCO International") announced today the early results of the previously announced tender offers (each, an "Offer" and together, the "Offers") by WESCO Distribution, Inc. ("WESCO")...

Merger activity increased last week with three new deals announced, four deals closing and one deal terminated. After a three-week lull, merger activity picked up again with three new deals announced. The hard-hit energy services industry saw the merger of KLX Energy Services Holdings (KLX...

PITTSBURGH , May 4, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, today announced it received approval ...

PITTSBURGH and GLENVIEW, Ill. , April 30, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("WESCO International"), announced today that its wholly-owned subsidiary, WESCO Distribution, Inc. ("WESCO"), has launched offers (each, an "Offer" and together, the "Offers") to p...