Rexel No Longer Interested In Anixter

Anixter seems to be seeking offers about 13% higher than current share prices, a value that many prospective buyers are not willing to pay.

Id 796 Anixter320232

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.

More in Home