“An effort to sell Anixter International Inc…. has stalled as potential buyers reject the company’s price expectations,” Bloomberg reports.
In recent weeks investors have been flocking to Anixter stock on speculation the company may soon be sold.
Bloomberg reported that Anixter is working with Goldman Sachs Group Inc. to find a buyer. Anixter was seeking offers of more than $115 per share for a market value of $3.3 billion.