Electrical products distributor Wesco International Inc said it will purchase rival EECOL Electric Corp for about 1.14 billion Canadian dollars ($1.16 billion) to expand its international footprint, particularly in South America. The acquisition is expected to add about $1.00 per share to its earnings in the first full year of operation, Wesco said.
WESCO International, Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and Government markets. Shares of WCC traded higher by 1.49% or $0.84/share to $57.17. In the past year, the shares have traded as low as $40.62 and as high as $68.19. On average, 613906 shares of WCC exchange hands on a given day and today's volume is recorded at 879101.
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