Anixter International Inc. Merger Litigation (NYSE: AXE)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of the Board of Directors of Anixter International Inc. - AXE
BALA CYNWYD, April 3, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anixter International Inc. (“Anixter” or the “Company”) (NYSE –AXE-News).
It has been reported that efforts to sell Anixter may have stalled as potential buyers may have rejected the Company’s price expectations. It had previously been reported that a French electrical- equipment distributor may have been willing to pay up to $110.00 per share for the Company. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Anixter for not acting in the Company’s shareholders' best interests in connection with the sale process.
If you own shares of Anixter common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, r calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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