Activist investor Cevian Capital AB — Rexel SA’s largest shareholder — supported the French electrical equipment supplier’s decision to rebuff an unsolicited takeover attempt from billionaire Brad Jacobs’ QXO Inc., saying the bid undervalued the company.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.