A report from Bloomberg Businessweek has announced that Rexel SA is no longer courting the idea to purchase Anixter.
The report also mentioned that private-equity funds Advent International Corp. and CVC Capital Partners Ltd. also declined the opportunity to purchase the electrical distributor.
Anixter seems to be seeking offers about 13% higher than current share prices, a value that many prospective buyers are not willing to pay.
For the full report from Bloomberg, click here.