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8-K - LIVE FILING - ANIXTER INTERNATIONAL INC | htm_45651.htm |
EXHIBIT 99.1
FOR FURTHER INFORMATION:
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AT THE COMPANY:
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AT FTI: | |
Ted Dosch Chief Financial Officer (224) 521-4281 |
Chris Kettmann Investor and Media Inquiries (312) 553-6716 |
ANIXTER INTERNATIONAL INC.
ANNOUNCES SHARE REPURCHASE PROGRAM
Glenview, IL., July 27, 2012 Anixter International Inc. (NYSE:AXE) today announced a share repurchase program under which the Company may repurchase up to 1 million of its outstanding shares with the exact volume and timing dependent on market conditions. Anixter noted that all previously announced share repurchase programs had been completed.
Anixter currently has approximately 33.5 million shares outstanding.
About Anixter
Anixter International is a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs, 2) more than 450,000 products and over $1 billion in inventory, 3) approximately 225 warehouses with 7 million square feet of space, and 4) locations in over 260 cities in more than 50 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on the New York Stock Exchange under the symbol AXE.
Safe Harbor Statement
The statements in this news release that use such words as believe, expect, intend,
anticipate, contemplate, estimate, plan, project, should, may, will, or similar
expressions are forward-looking statements. They are subject to a number of factors that could
cause the companys actual results to differ materially from what is indicated here. These factors
include general economic conditions, the level of customer demand particularly for capital projects
in the markets we serve, changes in supplier sales strategies or financial viability, risks
associated with the sale of nonconforming products and services, political, economic or currency
risks related to foreign operations, inventory obsolescence, copper price fluctuations, customer
viability, risks associated with accounts receivable, the impact of regulation and regulatory,
investigative and legal proceedings and legal compliance risks, and risks associated with
integration of acquired companies. These uncertainties may cause our actual results to be
materially different than those expressed in any forward looking statements. We do not undertake
to update any forward looking statements. Please see the companys Securities and Exchange
Commission filings for more information.
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Additional information about Anixter is available on the Internet at
www.anixter.com