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Anixter to Sell Aerospace Division to Private-Equity Firm

Sep 1, 2011 12:00 PM

Anixter International Inc., Glenview, Ill., plans to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement, Anixter will receive $155 million in cash, subject to a net working capital adjustment, and up to an additional $30 million if certain milestones are achieved.


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