Rexel’s Largest Holder Cevian Backs Firm in Spurning QXO Bid
Rexel SA’s largest shareholder — supported the French electrical equipment supplier’s decision to rebuff an unsolicited takeover attempt from billionaire Brad Jacobs’ QXO Inc., saying the bid undervalued the company.
Rexel Shares Jump After It Rejected $9.6 Billion Bid From Brad Jacobs’ QXO
Rexel shares jumped after it rejected an offer from QXO, the U.S. company led by billionaire entrepreneur Brad Jacobs, saying the bid was well below its value.
France’s Rexel Rejects $9.4B Acquisition Offer from QXO
Rexel is a distribution company of electrical products and services. While QXO specializes in technology solutions and consulting for the manufacturing, distribution, and service industries. Rexel stated that it received an unexpected,
Rexel Climbs After Rebuffing Offer From Brad Jacobs’ QXO
Rexel SA shares rose the most in four years after the French electrical equipment supplier rejected a more than $9 billion takeover bid from QXO Inc.
Rexel Rejects $9.6 Billion Bid From Brad Jacob’s QXO
Rexel rejected an offer from QXO, saying the bid from the U.S. company, led by billionaire Brad Jacobs, undervalued it.
Rexel Rejects Buyout Proposal From QXO
Rexel SA (RXLSF.PK), a French distributor of electrical supplies, stated that it rejected QXO's non-binding preliminary proposal, as
Exclusive-France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO
QXO, the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel that the French company on Sunday said it had rebuffed.
French group Rexel turns down QXO's $9.4B acquisition offer
France's Rexel (OTCPK:RXLSF) (OTCPK:RXEEY) rejected QXO's (NASDAQ:QXO) acquisition offer that valued its shares up to €28.40 per share. Rexel (OTCPK:RXLSF) said that the offer "significantly undervalued the company and did not adequately reflect its growth potential under its strategic plan,
Reuters4d
Exclusive: France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO
Sept 15 (Reuters) - QXO (QXO.O), opens new tab, the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel ...
Rexel: Rexel Board of Directors rejects an unsolicited preliminary proposal from QXO
Rexel Board of Directors rejects an unsolicited preliminary proposal from QXO Rexel confirms it has received earlier this week an unsolicited, non-binding preliminary proposal from QXO regarding a ...
Citi Remains a Buy on Rexel SA (0KBZ)
Citi analyst Martin Wilkie maintained a Buy rating on Rexel SA (0KBZ – Research Report) today and set a price target of €33.00. The ...
Yahoo Finance2d
Rexel SA (E7V.DU)
Shares of Rexel (EPA:RXL) jumped on Monday after the company said that it had rejected an unsolicited preliminary bid from QXO (NASDAQ:QXO). The bid, which was priced between €28.00 and €28.40 per ...
Wall Street Journal4d
Rexel Shares Jump After It Rejected $9.6 Billion Bid From Brad Jacobs’ QXO
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CRN Australia4d
France's Rexel rebuffs US$9.4 billion offer from Brad Jacobs-led QXO
QXO, the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around US$9.4 ...