52.75 +0.07 (0.13%)
After hours: 4:26PM EST
|Bid||52.79 x 1100|
|Ask||52.81 x 1000|
|Day's Range||51.75 - 53.03|
|52 Week Range||42.03 - 61.32|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||10.25|
|Earnings Date||Jan 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||67.30|
Lam Research's (LRCX) fiscal second-quarter results are likely to benefit from strength in non-memory markets and robust equipment demand. However, PC volatility & competition may have been concerns.
Wesco International (WCC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Performance of eBay's (EBAY) core marketplace business is likely to have been impressive in Q4. Yet, heightening competition might have hurt its earnings.
Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy. These stocks combine attractive attributes of both small and large-cap stocks.
In this article we are going to estimate the intrinsic value of WESCO International, Inc. (NYSE:WCC) by projecting its...
STMicroelectronics' (STM) Q4 results are likely to gain from robust products & solid execution. Uncertainty in some of the end-markets served and the ongoing U.S.-China trade war remain concerns.
Texas Instruments' (TXN) Q4 performance may have been affected by weakness in overall demand, and increased competition in the auto and industrial space.
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.
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 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 International (WCC) signs a definite agreement to acquire Anixter International in a bid to further bolster its presence in the electronics industry.
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.
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 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 ...
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%.
WESCO and Anixter Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company
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.
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%.
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;).
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.