Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Anixter International Inc. has obtained a Fair Price in its sale to Clayton, Dubilier & Rice
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: PR Newswire
MILWAUKEE, Oct. 31, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Anixter (NYSE:AXE) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Anixter to Clayton. Click here to learn how to join the action: http://ademilaw.com/case/anixter-international-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Ademi & O'Reilly, LLP alleges Anixter's financial outlook is improving and yet shareholders will receive only $81 per share in an all cash transaction valued at approximately $3.8 billion. The merger agreement unreasonably limits competing bids for Anixter by prohibiting solicitation of further bids, and imposing a termination penalty if Anixter accepts a superior bid. Anixter insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Anixter's board of directors, and whether they are (i) fulfilling their fiduciary duties to all
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