Wesco Wins Anixter
Despite Anixter earlier arguing that Wesco's bid was inferior to CD&R's by nearly 10%, Anixter confirmed that they are taking Wesco's 3.1% nominal share price higher offer.
** **** ****, ** ******* *** merger *********** ********* *******, *** ********* positive/ ******** ******** ******.
Anixter **********
******* ** *** ** *** ******* distribution ********* ** *** ************ ********, with **** ** ********, **** *,*** employees *** **** $* ******* ** sales ** ******** ********* (***** *********, Infrastructure, ********). *************** ********-******* *********** ***-** ** ****, *** $*** *******, ************ ** ** ******* ** ****.
** *****, **** ******** * ********* including ***-** ***'**** ********' ***** ********* *** **** ** *****.
Wesco **********
***** ** ***** ** **********, ** and **** *** **** ** ******** dealing **** ******* ********* ** *******. Additionally, ***** *** ****** ** ************ divisions, **** ** *** *********** **** strong **** ** **** *****. ** the ** **** **** ** *********:
** ********* ********** ************** ***/*****, *** *** * *** positive ****, *** **** *** ******* neutral ******* ** *** ** *** standard ************ ** *** ******, **** many *********** ********* **** *** *** use ****.
Wesco ********* ******** ****
**** * ****** ********* ***********, ***** has ***** ***** **** *** **** half-decade, ** **** ******* ********* **** ********* ***********:
**** ** *** ********** *** ***** the ******* ******** ** *** ******** of ********** / ********** ************. *******, it ** ***** ****** **** *** profit ******* ** ***** *** **** distributors *** **** ****, ****, *.*., Wesco ***** **** **** $* ******* in **** ******* *** **** $*** million ** ****** **** **********.
*************, *******'* ******* ******* *** ******* are **** ***** ** *****'*, ****** with ******* ******* **** **** *** same **** ******, ** ***** *********'* **** **********:
Saving $*** ******* ********
*** ******** ********* ******** **** ***** is ******** ** **** ******** *****, as***** ******** **************:
** ***********'* **** (***** ** *********** ****), **** ********** ********** *** **** savings ********** *** ****:
** ****** ** ******** **** $*** million ** *** **** **** ********* and *********** **** **** ****.
** ** ********** ******, ** ****** over $*** ******* ** *** **** cost ********* ** *** *** ** the ***** **** ** *** ******.
*** ******** ******* **** ******* **** over $*** ******* ** **** ********* by **** *****.
**** **'** ******* *** **** *** pointing ** *** **'* ********* ** note ** **** *** ******* ** cost *******
*'** **** **** ********** ******* **** $200 ******* ** ****. *********. *** then ************, ** **'** *********** ** our ******** *******, ** ** ******* that ***** *** **** ***** ******, synergies **** **** *** ** ******* through **** ***********. **'* ***** ***** in *** ******* *** ** ** evaluate ****.
***** **** *****'* ******* *** ** slim (~$*** *******), ****** $*** *******, assuming ** ********** ********, ***** **** a ***** ****** ** ***** ************* and *********.
Cutting ******** *** *****
** **********, **** ********* ******* ********:
*** ******** **** ********* *** ************ and ****** ********* ** **** ***** our *********
************ *** ****** *********, ********* ***** termination ** ****** ** **** *****
Potential ******* **** ***********
******* ********* $*.* ******* ** *********** debt *********** ** ** * **** ** its **** ********* ******. *** ********* ****** ***** **** have * **** ******* ** **** $397 ******* *** ** **** *** $607 ******* ** ****, *** **** merger ***** **** ******* / ***** a ********* *********** ** *********** *** debt **** ****** *****.
Neutral ****** ** ****
***** *** *******'* ************ ******** ** focused ** * ***** ***** ** low-voltage ********, ** ***** ******** ******** are * ******** *****. *** **** clear ********* ** *** **** *********** by ***** *** ******* *****.
*** ****-**** ******** *** ******** *********** could ** **** ***** ** ******* change ** ****** ******* ** *****. We **** ******* ********** ******** ***** Anixter, ************ *** **** *********** *** ***-**** ******* ***********, **********'* *** ******* ***-**** ****** *****.
Execution / *********** ** *********
*** *** ******* ** ***** ** how **** *** *** ********* *** 'merged' / **********. ***** *** ***** acquired ** ****** ** ***** ** Anixter. ******, ** *******, ***** *** Anixter *** ***** *** **** ****. How **** ********* ** **** ** key.
**************, ***** *** ********** ***** ****, saying ****:
**'** *** *** ******** *** ****** and **** *** **** ** *** Anixter, ** *** ******* ***, *** know, **** ****, * ***** ***, complimentary, **** **********, ** ******* ** the ******** ********** ***** ** ******* the ******** *** ************* ****** ********** that **** *********** **********. ** * think ****'* ****** * ******** *********...
* ***** ** **** ** *********** cultural ***** ***** ****** **** *********. And **** *******, ** **** ** engaging **** **** ********** ******* ** help ** **** ****. *** ***** experts **** **** *** **** ** additional ********* *** ********** ********* ** help ** ***** *** ********* ** the ******* *********** **** *** ******** as * *******.
** ** *** **** ****** ***** the *** *******'* ******** *** ********** to ***** ** *** **** *** merger **** ** ********.
Vote / ****
*** *****, ** **** ** ******* anixter ********* *** ***** ******** ** my ***** ******, * **** ** everything * *** ** *** **** other ************ *** ** **** ********* competing ******* **.
** ******* ********** **** ******* *** as ******** ** ********, ** * don’t ***** ***** ***** ******** ***** it ** *** *****. 🤷🏻♂️
** ** ****'* *** ** *** and **** *************, * ***** *** buy **** *******. ********* ******* **, poor ***** ******, **-************* ***** ** some *********. ***** *'* *** **** is *** ******. **** **** ******** to *** *** **** *** **** source ***** ******** * *******. *****, great ******** *************, *** ** * company, *'** ****.
* **** * ******* **** ** going ** ** **** * *** fail *** ***** *** *** ****** of *******. * **** **** **** a ********* ******* ****, ********* ***** will **** ** ***** **** ** well.
****** ***** ***** *** ** ******* share *******, ********* *** ********* **** you *** ***. *************, *** *** companies *** ******* ** ****.
*'** ***** **** ***** (********** *** elevator ****** *********) *** ******* *****. It's * ***** ******* **** ******** people.
**’* *********** **** ***** *** ** many ********* ** ******* *** ******* to *** *** ****. * ***’* disagree, **** ********* **** * **** history ** * *** ****** ******** for ******* ****. *******, * ****** for ******* ************ **** **** **** thru ************ *** ****** * ****** and * *** ********** *** **** WESCO/CSC **** ****** ** *** **** end *****. ** **** ** *********** to *** *** ***** *** ********* combine **********.
***** ** * ****** ** ******** comments *** ******* ********* ** ****. What ************ ***** *** ********* ** not ***** ** *******?
**** ************ ***** *** ********* ** not ***** ** *******?
****, *** ** ***-****, ***** *********** would ********** **** ;) ****'* ****** their *****, *********** ***'* **** ************ to **** ** ***-*****.
*** ********* ***** ** ** **** many ***-***** **** ** *** ******** only ** *** ******* ****** ** for **** ** *** **** ************ like ***** ** ******* ***, ******* up **** ********.
* ***** *** **** *** * chunk ** *** ********.
******* ********* **** ***,**&**, *** **** will **** ******* ** ***** ***** on ******** ******** *** ************.
*** ****** ********* **** ** *** and ***** *** ****** ***** **** also ****. ****** ******** ***** *** the ***** ******** **** **** *** long.
**** **** ********** ****** ** **** downsize *** *** *** ******* ********* and *********.
*** * **** ***, "**&** ............ will **** ******* ** ***** ***** on ******** ******** *** *************." *** I **** ********? :)
****** *******. ** *** **** ** an *********** ** ****. * **** that *** "*********" (*** ****** ******** and *******) ***'* ***** *** **** pain *** *** "*****" *** * suspect *** **** ** **** **** find *** ************* ** ****.
**** *** **** * **** **** love *** **** **** *** *** david ** *** ***** **** *** your *********
* ******* ******* ***** ** *** East **** **** ****. * ***** any ******** ***** ** *********** ************ as * *** *** ********** *** dealers *** ******* **.
*******'**** **** *** ** ******* ********* ***** *** ****:
** **** *** *** **** ** anything ******** ******* **** *** ******* on * ****, *.*.:
******** ******** *** ******* ********* ******** a **** ********** *********** ****. ** will **** **** **** [***** ***] and ***** ***** ******* ** ********* an *********** **** ***** **** ******** members **** **** *********. *** ***** of **** ******* **** ** ******** we ******* *** *** ***** ********* in * ****** **** ****** ** our ********** ************ *** **** *********.
***/***, ******* *** **** ** ***** to ***** **** **** *** ********* the ***********, **** ***** **** ***** until **'* ****.
*** ******** ***** ****** ****!
****** **** * *** ** *********! At ***** * ** *** ********** alone!