Rexel rejects undervalued QXO bid, shares jump
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
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Source: Yahoo Finance
Rexel's Rejection of QXO Bid: Rexel shares surged nearly 10% after the company rejected an unsolicited bid from QXO, which was considered to undervalue the firm despite offering a premium over the previous closing price.
Analysts' Positive Outlook: Analysts believe Rexel has significant growth potential, supported by its strong management track record and financial position, despite some macroeconomic risks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
