Hagemeyer Open To Takeover Bids, Plans To Return To Profitability In 2006

Hagemeyer NV, Naarden, the Netherlands, has signaled that it’s open to takeover proposals, according to a Feb. 23 Reuters report. Shares of the publicly held Hagemeyer have been rising lately, partially on talk of a possible bid by a consortium of private equity firms in the process of buying rival Rexel, the report said.

“I would not sabotage such a proposal,” Hagemeyer’s Chief Executive Officer Rudi de Becker told a news conference. “The question is, what is best for the shareholder

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