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December 10, 2004
Premium Offer Made for Rexel
Deal for $9B electrical distributor may be platform for growth
By Douglas Chandler
A group of investment bankers led by Clayton, Dubilier & Rice has agreed to buy Rexel SA, the world’s largest distributor of electrical equipment, for about $4.9 billion (3.7 billion euros).
If completed, the sale of Rexel will be the largest leveraged buyout in Europe in 2004.
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