Under the terms of the agreement, each common share of Anixter will be converted into the right to obtain $70.00 in cash (subject to an increase as described below), 0.2397 WeSCO common shares and preferred shares valued at $15.89, based on the value of their liquidation preference. Based on the closing price of WESCO`s common shares as of January 10, 2020 and WESCO`s preferred counterperformance liquidation preference, the total underperformance is approximately $100 per Anixter share, making effective the downside protection described below. Based on the structure of the transaction and the number of common shares currently underway between WESCO and Anixter, WESCO shareholders are expected to own 84% of the combined company and Anixter shareholders 16% of the combined company. All of these factors are difficult to predict and are beyond WESCO`s control. WESCO`s latest Annual Report on Form 10-K, which may be updated from time to time through quarterly reports on Form 10-Q and current reports on Form 8-K, may be followed by other factors that may significantly affect the results of the results from those described above. all available on WESCO`s website under wesco.investorroom.com/sec-filings and on the SEC`s website under www.sec.gov, and in Anixter`s most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K, all available on Anixter`s website under investors.anixter.com/financials/sec-filings and on the SEC`s website under www.sec.gov. Monday`s close comes six months after the two distributors announced the merger deal, which followed a months-long bidding battle between WESCO and private equity firm Clayton, Dubilier & Rice. CD&R initially offered 81 $US per share in a buyback agreement announced in October.