PE firm Leonard Green builds new stake in WESCO

WESCO International’s shares (WCC +8.3%) gains after private equity firm Leonard Green & Partners disclosed a new 5.7M shares, or 11.4%, stake in the company.

The stake was reported in 13G filing, indicating a “passive” stake.

WESCO recently completed its merger with Anixter after winning a bidding war with another private equity firm Clayton, Dubilier & Rice. During the bidding war, CD&R offered to acquire WESCO in addition to Anixter.


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