CED (Consolidated Electrical Distributors) will acquire US Electrical Services, LLC, Exton, PA,  ; a recently formed distribution holding company lead by former Sonepar USA chief Richard Worthy. US Electrical Services will continue to operate as a separate entity. Worthy will lead the company as its CEO.  ; More
  ;
Hagemeyer NV said in a press release Tuesday that Sonepar’s unsolicited bid of US$3.5 billion (2.5 billion euro) “significantly undervalues the company.” Hagemeyer says it will meet with Sonepar to “clarify its intentions.” Paris-based Sonepar announced in an unsolicited offer that it would pay 4.25 euro in cash per share for the …
News Digest 3719
CED (Consolidated Electrical Distributors) will acquire US Electrical Services, LLC, Exton, PA,  ; a recently formed distribution holding company lead by former Sonepar USA chief Richard Worthy. US Electrical Services will continue to operate as a separate entity. Worthy will lead the company as its CEO.  ; More
  ;
Hagemeyer NV said in a press release Tuesday that Sonepar’s unsolicited bid of US$3.5 billion (2.5 billion euro) “significantly undervalues the company.” Hagemeyer says it will meet with Sonepar to “clarify its intentions.” Paris-based Sonepar announced in an unsolicited offer that it would pay 4.25 euro in cash per share for the …
Share this article
- Filed In: Free, Subscriber Only
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
