Rexel SA (RXLSF.PK), a French distributor of electrical supplies, stated that it rejected QXO's non-binding preliminary proposal, as it significantly undervalues the company and does not reflect its value creation potential through its Power Up 25 strategic plan.
Previously, QXO had proposed to buy Rexel at an indicative price of 28.00 euros to 28.40 euros per share.
Rexel also affirmed its strong confidence in its management to achieve the mid-term objectives presented during the June 2024 Capital Markets Day.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.