United States. Anixter announced that following a special meeting held on April 9, 2020, Anixter shareholders approved the adoption of the previously announced merger agreement related to the proposed transaction between Anixter and Wesco International, whereby Anixter will become a wholly owned subsidiary of Wesco.
Approximately 99.42% of the votes cast at the special meeting voted in favor of the merger, which represented approximately 82.26% of the total outstanding shares of Anixter common stock as of February 28, 2020, the record date of the special meeting. Upon certification by the Company's election inspector, the final voting results for the Company's special meeting will be filed with the U.S. Securities and Exchange Commission (the "SEC") on a Form 8-K.
The merger remains subject to several customary closing conditions, including receipt of approvals or authorizations, or expiration, termination or waiver of waiting periods, pursuant to the antitrust laws of Canada and Mexico, and is expected to close during the second or third quarter of 2020.
