Report: Anixter had no bidders

Bloomberg reports that assumed suitors Rexel, Carlyle Group and others chose not to make offers in the $115-per-share asking-price range.

Apr 7th, 2014

Bloomberg has reported that the bidding process for the acquisition of Anixter has come to a halt, as numerous potential bidders chose not to make offers. Bloomberg’s David Welch, Matthew Campbell and Aaron Kirchfeld reported that Anixter “was seeking offers of more than $115” per share.

The report specifically mentions Rexel SA, Carlyle Group, Advent International Corp., CVC Capital Partners Ltd. and Melrose Industries Plc as among the potential bidders that explored the possibility but did not submit offers.

Anixter has not commented on the possibility of a sale since initial reports surfaced in late February.

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