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.
“Despite the fact that Aerospace has historically delivered operating margins in excess of our corporate average, current high working capital require
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