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Sam Zell

Anixter accepts $4.5 billion buyout offer from WESCO

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01/15/2020

PITTSBURGH and GLENVIEW, Ill.—After a month-long bidding war with an affiliate of private equity firm Clayton, Dubilier & Rice, which first proposed purchasing Anixter for $3.8 billion in October 2019, the Glenview, Illinois-based company announced a merger agreement with Pittsburgh-based WESCO International.