Rexel and Hagemeyer Finalize $4.5 Billion Purchase

Rexel and Hagemeyer announced Nov. 23 they have reached agreement on Rexel's offer of about $4.5 billion in cash (4.85 euros per common share) for all Hagemeyer shares and a simultaneous cash offer for Hagemeyer's outstanding convertible bonds. Rexel, an international distributor of electrical equipment, has previously said it will sell Hagemeyer's U.S. and Asia-Pacific operations to another Paris-based bidder, Sonepar.

The purchase has been unanimously recommended by the Management Board and Supervisory Board of Hagemeyer, and unanimously approved by the boards of Rexel and Sonepar, according to the Nov. 23 announcement. Hagemeyer shareholders will receive a premium of 55 percent, based on the price of Hagemeyer's average share price prior to the announcement of Sonepar's offer on Oct. 9.

Completion of the deal requires regulatory approvals, the companies said.

Download Center

  • EHS Buyer's Guide

    Download this buyer's guide to make more informed decisions as you're looking for an EHS management software system for your organization.

  • Online Safety Training Buyer's Guide

    Use this handy buyer's guide to learn the basics of selecting online safety training and how to use it at your workplace.

  • COVID Return-to-Work Checklist, Fall 2021

    Use this checklist as an aid to help your organization return to work during the COVID-19 pandemic in a safe and healthy manner.

  • SDS Buyer's Guide

    Learn to make informed decisions while searching for SDS Management Software.

  • Risk Matrix Guide

    Risk matrices come in many different shapes and sizes. Understanding the components of a risk matrix will allow you and your organization to manage risk effectively.

  • Industry Safe

Featured Whitepapers

OH&S Digital Edition

  • OHS Magazine Digital Edition - September 2021

    September 2021

    Featuring:

    • COMBUSTIBLE DUST
      Managing Combustible Dust and Risk Mitigation
    • PPE: CONSTRUCTION
      The Rising Popularity of Safety Helmets on the Jobsite
    • PPE: ELECTRICAL SAFETY
      Five Tips for a Successful Wear Trial
    • SAFETY & HEALTH
      Medical Surveillance Versus Medical Screening
    View This Issue