* Rexell technology company to acquire all issued shares in capital of wai chi holdings company limited
PARIS, April 3 (Reuters) - Eurazeo SA : * Says proceeds from Rexel SA stake sale 105 million euros
An effort to sell wiring parts maker Anixter International (AXE -5.1%) has stalled as potential buyers reject the company’s price expectations, Bloomberg reports.French electrical-equipment distributor Rexel (OTCPK:RXEEY), earlier considered one of the more likely buyers, apparently decided to pass, and P-E funds Advent and CVC Capital also chose not to bid.AXE reportedly was seeking offers of more than $115/share, while Rexel wasn’t willing to pay more than $110. Post your comment!
Sam Zell-backed Anixter International (AXE) is working with Goldman Sachs to find a buyer for the company, Bloomberg reports.French electrical equipment distributor Rexel is said to be one of the bidders; Carlyle Group and U.K. engineering firm Melrose Industries are among firms that supposedly have looked and passed.Shares popped 2% in late trading and are up another 1.7% AH. Post your comment!
PARIS (Reuters) - Rexel's top shareholder, Ray Investment, said it sold a further 7 percent stake in the electrical equipment supplier, in a move that will see Bank of America Merrill Lynch exit the...
PARIS, Dec 17 (Reuters) - Rexel SA : * Shares fall 2.6 percent as Ray Places Stake
PARIS, June 4 (Reuters) - Rexel's controlling shareholder Ray Investment has sold a 10 percent stake in the French electrical equipment supplier for 487.54 million euros ($635 million), as Ray's private equity owners further reduce their stakes.
PARIS, June 4 (Reuters) - French private equity firm Eurazeo said on Tuesday that its stake in electrical materials supplier Rexel would fall to 10.9 percent from 12.7 percent as a result of a broader sale of Rexel shares by holding company Ray Investment.
PARIS, June 4 (Reuters) - Rexel controlling shareholder Ray Investment is selling a 10 percent stake in the French electrical materials supplier, representing 28.1 million shares, according to terms of the placement seen by Reuters.
March 26 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings says that Rexel SA's ('BB'/Stable) planned bond tap issue of its recently priced EUR500m 5.125% notes due 2020 does not affect the 'BB' rating assigned to the instrument on 19 March 2013 or the group's Issuer Default Rating. The additional notes will have the same terms and conditions as the above debt issue. They will be senior unsecured, unguaranteed obligations of Rexel and have the same rankin
Rexel SA (Rexel)
March 19 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has assigned Rexel SA's (Rexel) planned dual-tranche USD500m and EUR500m notes issue an expected senior unsecured rating of 'BB(EXP)'. The final ratings are contingent upon the receipt of final documents conforming to information already received by Fitch. Fitch rates Rexel's Long-term Issuer Default Ratings (IDR) at 'BB' with a Stable Outlook. The Short-Term IDR and Commercial Paper rating are bot
(The following statement was released by the rating agency) Feb 22 - Fitch Ratings has affirmed France-based electrical distributor Rexel SA's (Rexel) Long-term Issuer Default Rating (IDR) at 'BB' and Short-term IDR at 'B'. The Outlook is Stable. Fitch has also affirmed the senior unsecured rating at 'BB' and Rexel's EUR500m Commercial Paper Programme at 'B'. KEY DRIVERS: Challenging Environment, Solid Performance: Although FY12 sales declined by 1.8% in organic terms, the group's repor
PARIS, Feb 14 (Reuters) - Rexel controlling shareholder Ray Investment said it sold 14.7 percent of the French electrical materials supplier via an accelerated bookbuilding to institutional investors amid strong demand.
PARIS, Feb 14 (Reuters) - Rexel controlling shareholder Ray Investment has completed the sale of 14.7 percent of the French electrical materials supplier, more than the 12.9 percent it planned to sell following "strong institutional demand".