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

HTML - No Current Item Deck
  • Safety Management Software - Free Demo

    IndustrySafe Safety Software’s comprehensive suite of modules help organizations to record and manage incidents, inspections, hazards, behavior based safety observations, and much more. Improve safety with an easy to use tool for tracking, notifying and reporting on key safety data.

  • Create Flexible Safety Dashboards

    IndustrySafe’s Dashboard Module allows organizations allows you to easily create and view safety KPIs to help you make informed business decisions. Our best of breed default indicators can also save you valuable time and effort in monitoring safety metrics.

  • Schedule and Record Observations

    IndustrySafe's Observations module allows managers, supervisors, and employees to conduct observations on employees involved in safety critical behavior. IndustrySafe’s pre-built BBS checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Why Is Near Miss Reporting Important?

    A near miss is an accident that's waiting to happen. Learn how to investigate these close calls and prevent more serious incidents from occurring in the future.

  • Get the Ultimate Guide to Safety Training

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common FAQs.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - June 2019

    June 2019

    Featuring:

    • ASSP SAFETY 2019 PREVIEW
      New Orleans Networking
    • NATION SAFETY MONTH
      Heed These Summer Safety Tips
    • TRAINING
      Education, Skill Development, and Behavior Change
    • SAFETY MANAGEMENT
      What Good Looks Like
    View This Issue

Bulwark Quiz