Plus   Neg

Clayton, Dubilier & Rice Increases Merger Consideration For Anixter

Anixter International Inc. (AXE) announced that the company and Clayton, Dubilier & Rice, LLC have agreed to amend the merger agreement to increase the per share consideration payable to Anixter's shareholders to $82.50 per share from $81.00. The deal is now valued at approximately $3.9 billion.

Under the amended terms, Anixter may solicit superior proposals from third parties through November 24, 2019.

On October 30, 2019, Anixter entered into a merger deal to be acquired by a fund sponsored by Clayton, Dubilier & Rice, LLC, a private investment firm.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT