ANIXTER ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of AXE and Encourages Investors to Contact the Firm
ANIXTER INTL (AXE)
Last anixter intl earnings: 4/28 06:30 am
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US:NYSE Investor Relations:
investors.anixter.com/home/default.aspx
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Anixter International Inc. (NYSE: AXE) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to Clayton, Dubilier & Rice.Click here to learn more and participate in the action.On October 30, 2019, Anixter announced that it had signed an agreement to be acquired by Clayton, Dubilier & Rice for $82.50 per share in cash, or a total of approximately $3.8 billion.On December 4, 2019, Anixter filed a preliminary proxy statement with the SEC recommending Anixter shareholders vote in favor of the proposed merger agreement. The date of the shareholder vote is yet to be released.Bragar Eagel & Squire is concerned that Anixter’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Anixter’s stock has recently trade
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