Potential buyers are resisting price expectations in the attempted sale of Anixter International (NYSE: AXE), electrical and datacomm distributor, according to a report from Bloomberg News today.
Paris-based electrical distributor Rexel had previously been named as a potential suitor for Anixter, but according to this recent report, is no longer considering the acquisition.
Bloomberg News reports that Anixter was seeking offers of more than $115 per share, giving the distributor a market value of $3.3 billion.
Read the full Bloomberg report here.
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