Anixter International Inc, which is backed by real estate mogul Sam Zell, has enlisted Goldman Sachs to find a buyer, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The company, which distributes communications and security products including electronic wires, has tried to sell itself "several times" over the past few years, the report cited one of the sources as saying.Glenview, Illinois-based Anixter is weighing a sale again as its shares have climbed and on the back of stronger-than-expected revenue growth.The company's shares, which have gained about 17 percent so far this year, rose as much as 6 percent to an all-time high of $109.19 on Thursday. Shares edged higher in extended trading.Zell owns a 15 percent stake in the company, according to Thomson Reuters data. Zell and his son, Matthew, also serve on Anixter's board.
Anixter International Inc. is engaged in the distribution of communications and security products, electrical wire and cable products, fasteners and small parts through Anixter Inc. Shares of AXE traded higher by 2.06% or $2.12/share to $104.97. In the past year, the shares have traded as low as $64.94 and as high as $103.85. On average, 215263 shares of AXE exchange hands on a given day and today's volume is recorded at 1209195.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.06% or $0.36/share to $34.33. In the past year, the shares have traded as low as $29.61 and as high as $38.73. On average, 725948 shares of TRI exchange hands on a given day and today's volume is recorded at 1133545.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.08% or $0.03/share to $38.10. In the past year, the shares have traded as low as $30.10 and as high as $42.10. On average, 896050 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1865098.
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