Electrical distributor Rexel reported sales were up 3.5% in the first nine months of 2007 to 7.9 billion euro (US$11.5B). Profit before IPO costs was up 57%.
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During the third quarter of 2007, Rexel saw continued growth in Europe and Asia-Pacific, led by the industrial and commercial end-markets while sals trends in North America were comparable to the second quarter. & hellip; Looking ahead, our proposed full-cash offer for Hagemeyer marks our confidence in the quality of Rexel’s business model and would provide compelling development opportunities for our Group,” says Jean-Charles Pauze, CEO.
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Rexel is in negotiations to acquire Hagemeyer NV for $4.5 billion, based on current exchange rates. The offer is 4.85 euro per share. Rexel would then sell the …
Rexel North America Sales Fall 1.7% YTD
Electrical distributor Rexel reported sales were up 3.5% in the first nine months of 2007 to 7.9 billion euro (US$11.5B). Profit before IPO costs was up 57%.
  ;
During the third quarter of 2007, Rexel saw continued growth in Europe and Asia-Pacific, led by the industrial and commercial end-markets while sals trends in North America were comparable to the second quarter. & hellip; Looking ahead, our proposed full-cash offer for Hagemeyer marks our confidence in the quality of Rexel’s business model and would provide compelling development opportunities for our Group,” says Jean-Charles Pauze, CEO.
  ;
Rexel is in negotiations to acquire Hagemeyer NV for $4.5 billion, based on current exchange rates. The offer is 4.85 euro per share. Rexel would then sell the …
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- Filed In: Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors
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