Anixter International Inc. Shareholder Alert - Investigation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 20, 2009 -- Anixter International Inc has been accused of securities fraud by a lawsuit filed on behalf investors, who purchased AXE shares between January 29, 2008 and October 20, 2008, but Anixter International faces also an investigation on behalf current long term AXE investors concerning possible shareholder claims.

If you are a current long-term investor in Anixter International Inc. (NYSE:AXE), you have certain options and you should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

An investor in AXE shares filed a lawsuit in the United States District Court for the Northern District of Illinois on behalf of purchasers of the common stock of Anixter International Inc. (NYSE:AXE) between January 29, 2008 and October 20, 2008. According to the complaint the plaintiff alleges that Anixter International and certain of its executives violated the Exchange Act by issuing between January 29, 2008 and October 20, 2008 numerous positive statements regarding Anixter International’s financial condition, business and prospects, that were materially false and misleading because defendants failed to disclose specific adverse facts. On October 21, 2008, Anixter International announced its financial results for the third quarter of 2008, the period ending September 26, 2008. For the quarter, Anixter International reported sales of $1.59 billion and net income of $61.7 million, or $1.58 per diluted share. In response to this announcement, so the lawsuit, the price of Anixter International common stock (NYSE:AXE) fell $18.76 per share, or approximately 40%, over the next five trading days, to close at $29.06 per share, on October 27, 2008, on heavy trading volume.

Anixter International Inc., located in Glenview, IL, is engaged in the distribution of communications and electrical wire and cable products and fasteners and other small parts, through Anixter Inc. and its subsidiaries. Anixter International also supplies original equipment manufacturers (OEMs), in a range of end markets, which use the Company’s products as a component in their end product. Anixter International reported in 2007 Total Revenue of $5.8529billion with a Net Income of $253.50million and in 2008 Total Revenue of $6.1366billion with a Net Income of $195.70million. Shares of Anixter International (NYSE: AXE) traded recently at $39.09 per share, down from a 52weekHigh of $68.91 per share and over $84 per share in 2007.

Those who are current long-term investor in Anixter International Inc. (NYSE:AXE), have certain options and should contact the Shareholders Foundation, Inc. at

Email: mail@shareholdersfoundation.com

Or call: +1 (858) 779 - 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com

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