S&P puts Wyle on watch

Standard & Poor's said it placed the B+ corporate credit rating on Wyle Holdings Inc. on CreditWatch with negative implications as well as the BB rating on the company's $115 million first-lien facilities and the B+ rating on its $175 million senior subordinated notes due 2018.

The actions reflect the company's announcement that it has entered into a definitive agreement to acquire CAS Inc., according to the agency.

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