On or around 04/20/2020 (Notice of voluntarily dismissal)
Filing Date: February 25, 2020
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 January 13, 2020, pursuant to which Anixter International Inc. will be acquired by WESCO International Inc.
On January 10, 2020, Anixter’s Board of Directors caused the Company to enter into an agreement and plan of merger with WESCO. Pursuant to the terms of the Merger Agreement, Anixter’s stockholders will receive $70.00 in cash, 0.2937 shares of Parent common stock, and 0.6356 depository shares for each share of Anixter common stock they own.
On February 7, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on April 20, 2020.
Company & Securities Information
Defendant: Anixter International Inc.
Industry: Security Systems & Services
Headquarters: United States
Ticker Symbol: AXE
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Michael Kent, et al. v. Anixter International Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00279
JUDGE: Hon. Leonard P. Stark
DATE FILED: 02/25/2020
CLASS PERIOD START: 01/13/2020
CLASS PERIOD END: 02/25/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available