Anixter International Inc.
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ANIXTER MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ANIXTER INTERNATIONAL INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – AXE
October 30, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Anixter International Inc. (NYSE: AXE) to an affiliate of Clayton, Dubilier & Rice (“CD&R”) for $81.00 per share is fair to Anixter shareholders. On behalf of Anixter shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Anixter merger investigation concerns whether Anixter and its Board of Directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Anixter shareholders; (2) determine whether CD&R is underpaying for Anixter; and (3) disclose all material information necessary for Anixter shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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