Anixter International spent several months last year trying unsuccessfully to sell itself.The ordeal seems to have left a bitter taste in management’s mouth, as evidenced by the company’s decision to divest its fasteners division by auction — a process more likely to produce a predicable outcome for the distribution giant.As reported by the Financial Times of London, Anixter has put its fasteners division up for auction. The auction, which is being managed by Goldman Sachs, is reportedly attracting interest from the private equity sector rather than “strategic bidders.”
via Hagan: Anixter Fasteners Likely Going Private – Global Fastener News – USA.