Item 1.01 Entry into a Material Definitive Agreement.




On November 21, 2019, Anixter International Inc., a Delaware corporation (the
"Company"), entered into an amendment (the "Amendment") to the Agreement and
Plan of Merger, dated as of October 30, 2019 (the "Original Agreement" and the
Original Agreement, as amended by the Amendment, the "Merger Agreement"), with
CD&R Arrow Parent, LLC, a Delaware limited liability company ("Parent"), and
CD&R Arrow Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary
of Parent ("Merger Sub").
Pursuant to the Merger Agreement, holders of Company common stock will receive
merger consideration of $82.50 per share of Company common stock, par value
$1.00, in cash, without interest, an increase of $1.50 per share above the
previous merger consideration of $81.00 per share, in cash, without interest.
Pursuant to the Merger Agreement, the "go-shop" period will now expire at 9:00
a.m. Eastern Time on November 24, 2019, instead of 11:59 p.m. Eastern Time on
the fortieth (40th) day following the date of the Original Agreement, such day
being December 9, 2019. If there are any Excluded Parties (as defined in the
Merger Agreement), there will be an extended "go-shop" negotiation period of an
additional five (5) calendar days following the "go-shop" period.
The Merger Agreement also provides that the termination fee payable by the
Company will be $100,000,000 in certain circumstances; such termination fee will
be reduced to $60,000,000 either (i) if the Merger Agreement is terminated
during the "go-shop" period to enter into a Superior Company Proposal (as
defined in the Merger Agreement) or (ii) the Merger Agreement is terminated
prior to the expiration of the extended "go-shop" negotiation period in
connection with a Superior Company Proposal from an Excluded Party.
The foregoing description of the Amendment does not purport to be complete and
is subject to, and qualified in its entirety by reference to, the full text of
the Amendment, which is attached hereto as Exhibit 2.1 and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.



(d) Exhibits:
Exhibit No. Description
2.1           Amendment No. 1 to Agreement and Plan of Merger, dated as of
            November 21, 2019, by and among CD&R Arrow Parent, LLC, CD&R Arrow
            Merger Sub, Inc. and Anixter International Inc.
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

Cautionary Statement Regarding Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and these include statements using the words such as will and expected, and similar statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations of the Company. Risks and uncertainties include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the Company's business and the price of its common stock, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the stockholders of the Company, and the receipt of certain governmental and regulatory approvals, (iii) the failure of Parent and Merger Sub to obtain the necessary financing pursuant to the arrangements set forth in the commitment letters delivered pursuant to the Merger Agreement or otherwise, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (v) the effect of the announcement or pendency of the transaction on the Company's business relationships, operating results, and business generally, (vi) risks that the proposed transaction disrupts the Company's current plans and operations and potential difficulties in the Company's employee retention as a result of the transaction, (vii) risks related to diverting management's attention from the Company's ongoing business operations, and (viii) the outcome of any legal proceedings that may be instituted against the Company or Parent or Merger Sub related to the Merger Agreement or the transaction contemplated thereby. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of the Company described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 28, 2018, filed with the SEC on February 21, 2019, and other documents filed from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies of these filings are available online at investors.anixter.com/financials/sec-filings. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.


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Additional Information and Where to Find It.

In connection with the proposed transaction, the Company will be filing with the SEC a proxy statement (the "proxy statement") and mail the proxy statement to its stockholders. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, AND OTHER RELEVANT DOCUMENTS, AND ANY RELATED AMENDMENTS OR SUPPLEMENTS, FILED WITH THE SEC CAREFULLY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the proxy statement and other documents (when available) that the Company files with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company's website at investors.anixter.com/financials/sec-filings or by contacting the Company's Investor Relations Department at kevin.burns@anixter.com.

The Company and certain of its directors, executive officers and employees may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of the Company in connection with the transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, will be included in the Proxy Statement described above when it is filed with the SEC. Additional information regarding the Company's directors and executive officers is also included in the Company's proxy statement for its 2019 Annual Meeting of Stockholders, which was filed with the SEC on April 18, 2019. If the holdings of the Company's securities change from the amounts provided in the proxy statement for its 2019 Annual Meeting of Stockholders, or from the amounts provided in the Proxy Statement, such changes will be set forth in SEC filings on Forms 3, 4 and 5. These documents are available free of charge as described above.

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