BALA CYNWYD, PA / ACCESSWIRE / November 1, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anixter International Inc. ("Anixter" or "the Company") (NYSE:AXE) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by an affiliate of Clayton, Dubilier & Rice ("CD&R"). Under the terms of the transaction, Anixter shareholders will receive only $81.00 for each share of Anixter common stock owned.
Click here to learn more http://www.brodskysmith.com/cases/anixter-international-inc-nyse-axe/, or call: 877-534-2590. There is no cost or obligation to you.
The investigation concerns whether the Anixter Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many Anixter shareholders. For example, Anixter stock has traded at $88.46 per share and an analyst has set a $90.00 per share price target for the stock.
If you own shares of Anixter stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, http://www.brodskysmith.com/cases/anixter-international-inc-nyse-axe/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC