.September 16, 2024 Monday 06:15:07 AM

Rexel rejects QXO’s takeover bid, citing undervaluation. Market reacts positively with shares rising, signaling confidence in company’s future growth.

Rexel’s board deems bid undervalued due to strong financial health and market position. Digital transformation and growth initiatives contribute to solid performance, highlighting confidence in future prospects.

Investors can assess Rexel’s valuation using Financial Modeling Prep’s Company Rating for comprehensive financial insights.

Stock surges post-rejection, indicating market interest. Investors may consider reevaluating long-term prospects as Rexel benefits from growing demand in electrical sector.

For in-depth analysis, investors can utilize Financial Modeling Prep’s Advanced DCF to determine Rexel’s intrinsic value and potential for stock appreciation.