Wesco Wins Anixter

Published Jan 13, 2020 21:50 PM

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.

IPVM Image

** **** ****, ** ******* *** merger *********** ********* *******, *** ********* positive/ ******** ******** ******.

Anixter **********

******* ** *** ** *** ******* distribution ********* ** *** ************ ********, with **** ** ********, **** *,*** employees *** **** $* ******* ** sales ** ******** ********* (***** *********, Infrastructure, ********). *************** ********-******* *********** ***-** ** ****, *** $*** *******, ************ ** ** ******* ** ****.

** *****, **** ******** * ********* including ***-** ***'**** ********' ***** ********* *** **** ** *****.

Wesco **********

***** ** ***** ** **********, ** and **** *** **** ** ******** dealing **** ******* ********* ** *******. Additionally, ***** *** ****** ** ************ divisions, **** ** *** *********** **** strong **** ** **** *****. ** the ** **** **** ** *********:

IPVM Image

** ********* ********** ************** ***/*****, *** *** * *** positive ****, *** **** *** ******* neutral ******* ** *** ** *** standard ************ ** *** ******, **** many *********** ********* **** *** *** use ****.

Wesco ********* ******** ****

**** * ****** ********* ***********, ***** has ***** ***** **** *** **** half-decade, ** **** ******* ********* **** ********* ***********:

IPVM Image

**** ** *** ********** *** ***** the ******* ******** ** *** ******** of ********** / ********** ************. *******, it ** ***** ****** **** *** profit ******* ** ***** *** **** distributors *** **** ****, ****, *.*., Wesco ***** **** **** $* ******* in **** ******* *** **** $*** million ** ****** **** **********.

*************, *******'* ******* ******* *** ******* are **** ***** ** *****'*, ****** with ******* ******* **** **** *** same **** ******, ** ***** *********'* **** **********:

IPVM Image

Saving $*** ******* ********

*** ******** ********* ******** **** ***** is ******** ** **** ******** *****, as***** ******** **************:

IPVM Image

** ***********'* **** (***** ** *********** ****), **** ********** ********** *** **** 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 / ****

Comments (17)
Avatar
Jake Voll
Jan 14, 2020
SS&Si Dealer Network

****** **** * *** ** *********! At ***** * ** *** ********** alone!

(1)
(9)
UI
Undisclosed Integrator #1
Jan 14, 2020

*** *****, ** **** ** ******* anixter ********* *** ***** ******** ** my ***** ******, * **** ** everything * *** ** *** **** other ************ *** ** **** ********* competing ******* **.

(4)
(5)
Avatar
Jon Dillabaugh
Jan 14, 2020
Pro Focus LLC

** ******* ********** **** ******* *** as ******** ** ********, ** * don’t ***** ***** ***** ******** ***** it ** *** *****. 🤷🏻‍♂️

(4)
(5)
Avatar
Michael Votaw
Jan 14, 2020

** ** ****'* *** ** *** and **** *************, * ***** *** buy **** *******. ********* ******* **, poor ***** ******, **-************* ***** ** some *********. ***** *'* *** **** is *** ******. **** **** ******** to *** *** **** *** **** source ***** ******** * *******. *****, great ******** *************, *** ** * company, *'** ****.

(3)
(1)
al
abraham lieberman
Jan 15, 2020

* **** * ******* **** ** going ** ** **** * *** fail *** ***** *** *** ****** of *******. * **** **** **** a ********* ******* ****, ********* ***** will **** ** ***** **** ** well.

(2)
Avatar
Michael Votaw
Jan 15, 2020

****** ***** ***** *** ** ******* share *******, ********* *** ********* **** you *** ***. *************, *** *** companies *** ******* ** ****.

SM
Stephen Matteo
Jan 15, 2020

*'** ***** **** ***** (********** *** elevator ****** *********) *** ******* *****. It's * ***** ******* **** ******** people.

(2)
U
Undisclosed #2
Jan 15, 2020

**’* *********** **** ***** *** ** many ********* ** ******* *** ******* to *** *** ****. * ***’* disagree, **** ********* **** * **** history ** * *** ****** ******** for ******* ****. *******, * ****** for ******* ************ **** **** **** thru ************ *** ****** * ****** and * *** ********** *** **** WESCO/CSC **** ****** ** *** **** end *****. ** **** ** *********** to *** *** ***** *** ********* combine **********.

(1)
(1)
UE
Undisclosed End User #3
Jan 15, 2020

***** ** * ****** ** ******** comments *** ******* ********* ** ****. What ************ ***** *** ********* ** not ***** ** *******?

JH
John Honovich
Jan 15, 2020
IPVM

**** ************ ***** *** ********* ** not ***** ** *******?

****, *** ** ***-****, ***** *********** would ********** **** ;) ****'* ****** their *****, *********** ***'* **** ************ to **** ** ***-*****.

*** ********* ***** ** ** **** many ***-***** **** ** *** ******** only ** *** ******* ****** ** for **** ** *** **** ************ like ***** ** ******* ***, ******* up **** ********.

(1)
Avatar
Michael Votaw
Jan 15, 2020

** *** ******** ** ***** *** root ** *** ****

(2)
al
abraham lieberman
Jan 15, 2020

* ***** *** **** *** * chunk ** *** ********.

******* ********* **** ***,**&**, *** **** will **** ******* ** ***** ***** on ******** ******** *** ************.

*** ****** ********* **** ** *** and ***** *** ****** ***** **** also ****. ****** ******** ***** *** the ***** ******** **** **** *** long.

**** **** ********** ****** ** **** downsize *** *** *** ******* ********* and *********.

(1)
Avatar
Jake Voll
Jan 15, 2020
SS&Si Dealer Network

*** * **** ***, "**&** ............ will **** ******* ** ***** ***** on ******** ******** *** *************." *** I **** ********? :)

****** *******. ** *** **** ** an *********** ** ****. * **** that *** "*********" (*** ****** ******** and *******) ***'* ***** *** **** pain *** *** "*****" *** * suspect *** **** ** **** **** find *** ************* ** ****.

al
abraham lieberman
Jan 15, 2020

**** *** **** * **** **** love *** **** **** *** *** david ** *** ***** **** *** your *********

(1)
Avatar
Jake Voll
Jan 15, 2020
SS&Si Dealer Network

* ******* ******* ***** ** *** East **** **** ****. * ***** any ******** ***** ** *********** ************ as * *** *** ********** *** dealers *** ******* **.

JH
John Honovich
Jan 17, 2020
IPVM

*******'**** **** *** ** ******* ********* ***** *** ****:

** **** *** *** **** ** anything ******** ******* **** *** ******* on * ****, *.*.:

******** ******** *** ******* ********* ******** a **** ********** *********** ****. ** will **** **** **** [***** ***] and ***** ***** ******* ** ********* an *********** **** ***** **** ******** members **** **** *********. *** ***** of **** ******* **** ** ******** we ******* *** *** ***** ********* in * ****** **** ****** ** our ********** ************ *** **** *********.

***/***, ******* *** **** ** ***** to ***** **** **** *** ********* the ***********, **** ***** **** ***** until **'* ****.

LT
Larry Tracy
Jan 19, 2020

*** ******** ***** ****** ****!

(1)