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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Anixter International Inc (NYSE: AXE) acted responsibly on behalf of investors’ profitability in the planned sale to an affiliate of Clayton, Dubilier & Rice.
On October 30, 2019, Anixter International Inc (NYSE: AXE) and an affiliate of Clayton, Dubilier & Rice announced that they had entered into a merger agreement. Under the terms of the merger agreement, an affiliate of Clayton, Dubilier & Rice will offer Anixter shareholders $81.00 per share in cash for all outstanding shares.
Based in Glenview, Illinois, and founded in 1957 Anixter International Inc (NYSE: AXE) distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide.
The investigation is looking to uncover whether Anixter International Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $90.00 per share.
If you purchased Anixter International Inc (NYSE: AXE) prior to October 30, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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