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WESCO International, Inc. (NYSE:WCC) shares are trading higher on Friday. The company inked a pact to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, for a purchase price of $350 million. The sale encompasses nearly all of Wesco’s MRO integrated supply business in North America and Europe. The business that is being divested had annual net sales of approximately $784 million in 2023. The proceeds will primarily go towards debt reduction and share repurchases. Long-term debt, net, as of Dec. 31, 2023, was $5.313 billion. “Thi…

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