According to the Complaint, Anixter International Inc. is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions.

This action stems from a proposed transaction announced on October 30, 2019, pursuant to which Anixter will be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R").

On October 30, 2019, Anixter’s Board of Directors caused the Company to enter into an agreement and plan of merger with CD&R. Pursuant to the terms of the Merger Agreement, Anixter’s stockholders will receive $82.50 in cash for each share of Anixter common stock they own.

On December 4, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on January 17, 2020.