on REXEL (EPA:RXL)
Rexel: Board of Directors rejects unsolicited proposal from QXO
Rexel announced that its Board of Directors has rejected an unsolicited proposal from QXO regarding a possible acquisition. This offer proposed a price between €28.00 and €28.40 per share.
The Board, after detailed examination, unanimously concluded that this proposal significantly undervalued the company. It does not reflect the value creation potential of the Power Up 25 strategic plan. The Board of Directors remains confident in management's ability to achieve the medium-term objectives, presented in June 2024.
Rexel will not comment further on this proposal.
R. E.
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