QXO no longer bidding for France's Rexel, considering other US deal - report Oct. 04, 2024 11:57 AM ET By: Joshua Fineman , SA News Editor [Seeking Alpha]
REXEL SA UNSP/ADR (RXEEY)
NASDAQ:AMEX Investor Relations:
rexel.com/en/finance/investors
Company Research
Source: Seeking Alpha
QXO ( QXO ) Chief Executive Officer Brad Jacobs told CTFN that the company is "pretty close" to an acquisition that is "smaller and closer to home," the report said, according to traders who saw the item that was circulating on Friday. France's Rexel last month said it rejected QXO's ( QXO ) acquisition offer that valued its shares up to €28.40 per share, or about $9.4 billion. Jacobs told CTFN a new deal could be announced "soon," though not until it's finalized. Entrepreneur Jacobs invested $1 billion with other investors in SilverSun Technologies and renamed it QXO in June 2024 ( QXO Recommended For You Comments More Trending News Recommended For You More Trending News
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