Why Anixter International Stock Just Popped 15.5% [The Motley Fool]
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: The Motley Fool
Why Anixter International Stock Just Popped 15.5% What happened Shares of Anixter International ( NYSE:AXE The transaction will result in Anixter becoming a private company, and is expected to close by the end of the first quarter of 00, management said. So what Clayton, Dubilier will be paying all cash, so investors can expect And they may have a point: $8 is only about % more than the shares fetched at market close Tuesday -- not a huge premium. The resulting valuation, . times trailing earnings, may be a fair price in most markets, but with the average 00 Image source: Getty Images. Now what Another possibility here is that, because With Anixter stock surging past the offer price to more than $8.0 a share at last report, it looks like investors are on the hunt for a better offer -- with or without help from the lawyers trying to sue Anixter.
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