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Stock Market & Financial Investment News

News Breaks
August 11, 2014
08:02 EDTAXEAnixter announces acquisition of Tri-Ed for $420M
Anixter International announced that it has entered into a definitive agreement to acquire Tri-Ed, an independent distributor of security and low-voltage technology products from Audax Group for a purchase price of $420M. The acquisition is expected to be accretive to earnings in the first full year of operation, exclusive of transaction and one-time integration expenses.
News For AXE From The Last 14 Days
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July 28, 2015
07:34 EDTAXEAnixter sees FY15 organic sales growth 2%-4%, consensus $5.77B
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07:32 EDTAXEAnixter reports Q2 adjusted EPS $1.15, consensus $1.01
Reports Q2 revenue $1.48B, consenus $1.44B.
July 16, 2015
16:22 EDTAXEOn The Fly: Top stock stories for Thursday
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07:47 EDTAXEHD Supply deal very positive, says SunTrust
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07:35 EDTAXEAnixter to host conference call
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07:23 EDTAXEHD Supply to host conference call
Conference call to discuss agreement to sell HD Supply Power Solutions business unit to Anixter Inc. will be held on July 16 at 8am. Webcast Link
July 15, 2015
16:36 EDTAXEHD Supply enters definitive agreement to sell Power Solutions Business to Anixter
HD Supply Holding (HDS) announced that it has entered into a definitive agreement to sell its HD Supply Power Solutions business unit to Anixter (AXE). The purchase price is $825M payable in cash at closing. The transaction is expected to close in HD Supply's third quarter of fiscal 2015 subject to customary regulatory approvals.
16:33 EDTAXEAnixter to acquire Power Solutions segment of HD Supply for $825M
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