Anixter stockholders approve merger with WESCO
In a special meeting of Anixter stockholders today, the merger between Anixter and WESCO International was approved by 99.42 percent of the votes cast.
This approval satisfies one of the conditions to the closing of the transaction. The merger remains subject to other customary closing conditions, including receipt of regulatory approval in Canada and Mexico.
"We are very pleased that the Anixter stockholders voted overwhelmingly in support of this transaction, which will be transformative for both companies," said John Engel, chairman, president, and chief executive officer of WESCO. "By voting in favor of the merger of these two outstanding companies, Anixter stockholders voted to become owners of an industry leader in electrical and data communications distribution. We look forward to creating tremendous value for our stockholders through this highly synergistic and complementary business combination."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
