Pittsburgh-based WESCO International Inc. (NYSE: WCC) placed a bid to acquire Glenview, Illinois-based Anixter International (NYSE: AXE), in a deal that, if closed, could make WESCO Pittsburgh’s third-largest public company.
WESCO, an electronics and supply chain company, brought in $8.2 billion in annual sales in 2018, and Anixter brought in $8.4 billion that same year. A potential combined $16.6 billion in annual sales would, theoretically and depending on the growth of the other companies, rocket Wesco from its spot as the city’s ninth-largest public company up to third between PNC Financial Services Group Inc. and PPG Industries Inc.
Read more in the Pittsburgh Business Times.
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