The drama of consolidation among Europe’s largest electrical distributors continues to unfold. Rexel, Paris, made a $4.3 billion hostile bid for Netherlands-based Hagemeyer in the last week of October. The bid came a few weeks after Sonepar made an unsolicited offer to buy Hagemeyer for $3.5 billion.
Rexel’s offer is a 47 percent premium over Hagemeyer’s average share price for the one-month period prior to Oct. 9, Rexel said. Even though the offer is significantly higher than the $3.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.