Deal snapshot: ANIXTER TO BUY HD SUPPLY'S POWER SOLUTIONS SEGMENT FOR USD 825M.

MANews-(C)2009-2015

US-based electrical and electronic wire and cable distributor Anixter International Inc. (NYSE: AXE) has entered into a definitive agreement to acquire the Power Solutions segment of US-based industrial distributor HD Supply for USD 825m, the company said. The acquisition, which is the largest in Anixter's history, is expected to be accretive to earnings in the first full year of operation, exclusive of transaction, one-time integration expenses and incremental amortisation of intangible assets. The acquisition is expected to result in future tax benefits from acquired US intangible assets with a net present value estimated to be approximately USD...

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