WESCO International acquires Anixter International for $6.1B

WESCO International Inc. acquired Anixter International Inc. for $6.1 billion. The Competition Bureau registered a consent agreement requiring WESCO to divest its datacom and utility divisions to address competition concerns in Canada.

“Canadians rely on companies like WESCO and Anixter to support their basic needs, such as light, heat and internet connectivity.”newswire.ca

• 2 sources
• newswire.caCompetition Bureau safeguards competition in markets essential to the delivery of electricity and internet to CanadiansCompetition BureauAug 6, 2020
• reminetwork.comElectrical equipment conglomerate to divest - REMI NetworkAug 7, 2020

Summarized from public sources; check the original articles before acting on it.