Mega distributor Anixter is going to be acquired but by whom?
Initially, Anixter planned to go private, being bought by a private equity firm. Now, a new bidder, Wesco, has come along that has topped the private equity's firm price. But Anixter is resisting so far.
In this note, we examine what is happening, who the competitor may be (ADI/Resideo, Ingram Micro, TechData, Rexel, Wesco, etc.) and how this may impact the future of the company.
Update January 2nd and 3rd: We have added coverage on the increased rounds of bidding between Wesco and CD&R.