M&A

Rexel shares surge as €8.4bn QXO bid rebuffed

By Frank Prenesti

Date: Monday 16 Sep 2024

(Sharecast News) - Shares in Rexel surged on Monday after the French electrical parts company rejected a takeover offer from QXO of the US, valuing it at €8.46bn.
Rexel on Sunday said QXO's initial offer of up to €28.40a share significantly undervalued the company and failed to reflect its "value creation...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page