WCC - WESCO International, Inc.

NYSE - NYSE Delayed Price. Currency in USD
54.95
-0.21 (-0.38%)
At close: 4:02PM EST
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Previous Close55.16
Open55.15
Bid45.03 x 1100
Ask55.09 x 800
Day's Range54.92 - 55.51
52 Week Range42.03 - 61.32
Volume545,670
Avg. Volume746,314
Market Cap2.304B
Beta (5Y Monthly)1.76
PE Ratio (TTM)10.69
EPS (TTM)5.14
Earnings DateJan 29, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est67.30
  • Is WESCO International, Inc. (NYSE:WCC) Trading At A 31% Discount?
    Simply Wall St.

    Is WESCO International, Inc. (NYSE:WCC) Trading At A 31% Discount?

    In this article we are going to estimate the intrinsic value of WESCO International, Inc. (NYSE:WCC) by projecting its...

  • What's in Store for STMicroelectronics' (STM) Q4 Earnings?
    Zacks

    What's in Store for STMicroelectronics' (STM) Q4 Earnings?

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    Zacks

    Product Strength to Aid Texas Instruments' (TXN) Q4 Earnings

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  • Factors Setting the Tone for Citrix's (CTXS) Q4 Earnings
    Zacks

    Factors Setting the Tone for Citrix's (CTXS) Q4 Earnings

    Citrix's (CTXS) Q4 performance is likely to have gained from robust adoption of subscription-based services. However, sluggish demand in hardware-based appliances may have been a headwind.

  • Can Wesco International (WCC) Keep the Earnings Surprise Streak Alive?
    Zacks

    Can Wesco International (WCC) Keep the Earnings Surprise Streak Alive?

    Wesco International (WCC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Moody's

    WESCO International, Inc. -- Moody's places WESCO's ratings on review for downgrade following announced merger with Anixter

    Moody's Investors Service, (Moody's) placed all ratings of WESCO International, Inc., including the Ba3 Corporate Family Rating (CFR) and WESCO Distribution, Inc.'s B1 senior unsecured rating, under review for downgrade. This action follows the announced merger agreement with Anixter International Inc. ("Anixter"). On January 13, Anixter and WESCO announced that their respective boards of directors had approved a definitive merger agreement whereby WESCO would acquire Anixter in a transaction valued at $4.5 billion.

  • WESCO Expands Presence in Electronics With Anixter Buyout
    Zacks

    WESCO Expands Presence in Electronics With Anixter Buyout

    WESCO International (WCC) signs a definite agreement to acquire Anixter International in a bid to further bolster its presence in the electronics industry.

  • Once finalized, WESCO's latest acquisition will double the company's size, revenue
    American City Business Journals

    Once finalized, WESCO's latest acquisition will double the company's size, revenue

    In a transaction valued at about $4.5 billion, Pittsburgh-based WESCO International Inc. (NYSE: WCC) will become the largest company in the North American electrical distribution sector when it finalizes an acquisition of Anixter International (NYSE: AXE) set for later this year. After engaging in a bidding war since Christmas Eve with Clayton, Dubilier & Rice to acquire the Glenview, Illinois, based company, Anixter’s board of directors deemed WESCO’s bid superior late last week. CD&R, which already had a merger agreement in place with Anixter since October 2019, terminated the agreement.

  • Benzinga

    Wesco To Buy Anixter In $4.5B Merger: It's Official

    Anixter International Inc. (NYSE: AXE ) and Wesco International, Inc. (NYSE: WCC ) announced Monday that their boards have approved a definitive merger agreement under which Wesco will acquire Anixter ...

  • Benzinga

    Benzinga Pro's Top 5 Stocks To Watch For Mon., Jan. 13, 2020: WCC, LULU, XLF, TEAM, BIIB

    Benzinga Pro's Stocks To Watch For Monday WESCO (WCC)  - The company agreed to purchase  Anixter (AXE)  in a $4.5 billion merger. WESCO will pay Anixter shareholders $100/share.  lululemon (LULU)  - Shares ...

  • MarketWatch

    Wesco beats out CD&R in deal to buy Anixter, after multiple bids and counter bids

    Anixter International Inc. announced Monday an agreement to be acquired by Wesco Interational Inc. in a deal valued at $4.5 billion. The deal appears to end a hard-fought battle between Wesco and Clayton, Dubilier & Rice for Anixter, which include multiple bids and counter bids, and more than one announced deals between Anixter and CD&R. Shares of Anixter, a network security and electrical solutions company, slipped 0.3% in premarket trading, while Wesco shares were still inactive. Under terms of the latest deal, Wesco will pay the equivalent of $100 for each Anixter share outstanding, including $70 in cash, 0.2397 shares of Wesco common stock and preferred stock consideration valued at $15.89 for each Anixter share. Anixter's first announced deal with CD&R was for $81 a share in cash. "This is the result of a very thorough process to determine the value of our company," said Anixter Chief Executive Bill Galvin. Anixter's stock has rallied 44.0% over the past three months through Friday and Wesco's stock has climbed 24.5%, while the Dow Jones Industrial Average has gained 7.5%.

  • Business Wire

    WESCO International and Anixter International Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company

    WESCO and Anixter Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company

  • WESCO now considered best offer in bidding war for Anixter
    American City Business Journals

    WESCO now considered best offer in bidding war for Anixter

    Pittsburgh-based WESCO International Inc. (NYSE: WCC) increased its bid to acquire Anixter International (NYSE: AXE) to $100 per share, according to a news release from WESCO. The move is the latest in a bidding war between WESCO and Clayton, Dubilier & Rice to acquire the Glenview, Illinois-based company. Anixter’s board of directors deemed the most recent WESCO offer as a “superior company proposal” to the most recent CD&R proposal, according to a news release from Anixter.

  • MarketWatch

    Anixter determines Wesco's raised buyout bid is 'superior' to CD&R merger deal

    Wesco International Inc. has finally got what it wanted, as Anixter International Inc. has determined that Wesco's improved buyout bid was "superior" to the merger deal it had [l: previously agreed on with Clayton, Dubilier & Rice LLC (CD&R). If Anixter breaks the CD&R deal, the network and security solutions company will be required to pay a break-up fee of $100 million. Wesco has agreed to pay the termination fee. Under terms of Wesco's raised cash and stock bid, Anixter shareholders will receive the value of $100 for each Anixter share they own, with the deal valued at about $4.5 billion, including debt. The bid consists of $70 a share in cash, 0.2397 shares of Wesco common stock and $15.89 a share in Wesco perpetual perferred stock. Wesco's previous bid was valued at $97 a share in cash and stock, above the CD&R deal of $93.50 a share in cash. Anixter's stock has run up 44% over the past three months and Wesco shares have rallied 35%, while the S&P 500 has gained 11%.

  • PR Newswire

    WESCO Confirms Revised Proposal to Acquire Anixter for $100 per Share

    WESCO International, Inc. (NYSE: WCC) ("WESCO"), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, advanced supply chain management and logistics services, today confirmed it submitted an improved proposal to the board of directors of Anixter International (NYSE: AXE) to acquire Anixter for $100 per share in cash and stock. The Anixter board has determined WESCO's proposal represents a "Superior Company Proposal" as defined in Anixter's merger agreement with Clayton, Dubilier & Rice (CD&R;).

  • TheStreet.com

    Anixter Accepts Wesco's Revised Buyout Offer

    The deal totals $100 a share, compared with the $93.50-per-share bid from Clayton, Dubilier & Rice that Anixter approved last week.

  • PR Newswire

    WESCO International, Inc. Announces Fourth Quarter and Full Year 2019 Earnings Call

    WESCO International, Inc. (NYSE: WCC) will hold its fourth quarter and full year 2019 earnings conference call on Thursday, January 30 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast and presentation slides of the earnings call will be accessible via WESCO's Investor Relations website, www.wesco.investorroom.com. The link to the webcast replays will be posted in the Events and Webcasts section of WESCO's Investor Relations website.

  • WESCO forges ahead in bidding war for Anixter
    American City Business Journals

    WESCO forges ahead in bidding war for Anixter

    The Pittsburgh-based company looks to convince Anixter its proposal is better than the current agreement with CDR.

  • MarketWatch

    Wesco raises its buyout bid for Anixter, a day after Anixter agrees to CD&R's higher bid

    Wesco International Inc. raised its buyout bid for Anixter International Inc. to $97.00 a share in cash and stock, up from $93.50 a share. The electrical, industrial and communications maintenance provider's increased bid comes a day after Anixter said it agreed to be acquired by Clayton, Dubilier and Rice LLC (CD&R) for $93.50 in cash. Anixter and Wesco shares were still inactive in premarket trading. Under term's of Wesco's new bid, Anixter shareholders would get $63.00 in cash and 0.2397 Wesco common shares, plus $19.89 of newly created Wesco perpetual preferred stock, for every Anixter share they own. The preferred stock is expected to have a fixed market rate of about 9.25%. "We continue to strongly believe this transformative combination is in the best interests of both companies' stockholders and that our latest proposal represents a Superior Company Proposal compared to Anixter's current agreement with CD&R," said Wesco Chief Executive John Engel. Over the past 12 months, shares of Anixter have run up 81.0% and Wesco has climbed 24.5%, while the S&P 500 has gained 33.1%.

  • PR Newswire

    WESCO International, Inc. Submits Improved Proposal to Acquire Anixter for $97.00 per Share in Cash and Stock

    WESCO International, Inc. (NYSE: WCC) ("WESCO"), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, advanced supply chain management and logistics services, today submitted a revised proposal to the board of directors of Anixter International (NYSE: AXE) to acquire Anixter for $97.00 per share in cash and stock. This revised proposal materially improves upon WESCO's December 26, 2019 proposal, while retaining all of the prior proposal's attractive features. Specifically, the proposed transaction with WESCO:

  • TheStreet.com

    Anixter Rises After Accepting $4.3B Cash Offer From CD&R

    New York private equity firm Clayton, Dubilier & Rice's winning offer is a 31% premium over Anixter's closing price on Oct. 29.

  • MarketWatch

    Anixter agrees to CD&R's raised all-cash buyout bid

    Anixter International Inc. said it has agreed to amend its merger agreement with Clayton, Dubilier and Rice LLC (CD&R), in which the per-share bid is increased to $93.50 in cash from $86.00 in cash and a $2.50 contingent value right upon the occurrence of certain events. The new bid is now valued at $4.3 billion. The new per-share bid comes after Wesco International Inc.'s increased its buyout bid on Dec. 26 to $93.50 a share, but that includes $63 a share in cash and the rest in Wesco stock. "In evaluating the new proposal from CD&R, the Board carefully considered the value and risk profile of Wesco's offer comprising cash, Wesco common stock and a new series of Wesco preferred stock, for which there is no established market or trading price," said Anixter Chairman Sam Zell. "The Board has unanimously concluded that CD&R's improved all-cash proposal is superior to Wesco's offer." Anixter's stock has run up 36.3% over the past three months through Tuesday, while Wesco shares have climbed 31.4% and the S&P 500 has gained 11.9%.

  • Benzinga

    Benzinga Pro's Top 5 Stocks To Watch For Fri., Dec. 27, 2019: NKE, AXE, PT, FLXN, ZLAB

    Benzinga Pro's Stocks To Watch For Friday NIKE (NKE) - Shares were indicated higher following a new Overweight rating and $110 price target from an analyst at Consumer Edge Research.  Anixter (AXE) - WESCO ...

  • WESCO raises bid to buy Anixter
    American City Business Journals

    WESCO raises bid to buy Anixter

    Two days after first announcing its intentions to buy the Illinois company, WESCO said it raised its offer.