Neal Gerber Eisenberg Corporate & Securities partner David Stone served as legal advisor to the stockholders party to the voting agreement on Anixter International Inc.’s merger with WESCO International Inc. The purchase agreement increased the per-share consideration payable to Anixter’s shareholders to $100, with the transaction now valued at approximately $4.5 billion. The new agreement exceeds previous bids by private equity firm Clayton Dubilier & Rice, which dropped its bid for Anixter and received a $100 million termination fee. David Stone previously advised the same stockholders party in regard to their voting agreements on the previous bids of Clayton Dubilier & Rice.
Click here to read more on the merger from Law360.