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Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe

UPDATE 1-Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe Adds details, reactions to the fine PARIS, Oct 30 (Reuters) - France's competition authority said on Wednesday it had fined electric equipment makers Schneider Electric SCH.PA , Legrand LEGP.PA , Rexel RXL.PA and Sonepar a total of 470 million euros ($508.49 million) for fixing prices.
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Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe

Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe PARIS, Oct 30 (Reuters) - Frrance's competition authority said on Wednesday it had fined electric equipment makers Schneider Electric SCH.PA , Legrand LEGP.PA , Rexel RXL.PA and Sonepar a total of 470 million euros ($508.49 million) for fixing prices. ($1 = 0.9243 euros) Repor
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Rexel falls on bigger-than-expected outlook cut

BUZZ-Rexel falls on bigger-than-expected outlook cut ** Shares in Rexel RXL.PA fall 6.3% after it cut its 2024 outlook due to negative trading environment in Europe ** The French distributor of electrical supplies now anticipates full-year sales between -2.5% and -2.0% on same-day basis with an adjusted EBITA margin of approximately 5.9% ** "The extent of the guidance cut exceeded expectations", J.P.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 16 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ASML ASML.AS In a video interview on Q3 earnings, group CFO said it expects China to come in at around 20% of the Dutch semiconductor equipment maker's total revenue in 2025. CREDIT AGRICOLE CAGR.PA French bank Credit Agricole said it is planning to buy a 50% stake in Chinese company GAC Finance L
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Rexel Lowers 2024 Outlook

BRIEF-Rexel Lowers 2024 Outlook Oct 15 (Reuters) - Rexel SA RXL.PA : Q3 2024 SALES DOWN 2.1% SAME-DAY, 0.7% ACTUAL-DAY 2024 OUTLOOK LOWERED DUE TO NEGATIVE TRADING ENVIRONMENT IN EUROPE EXPECTED ANNUALIZED SAVINGS OF €45M BY END-2025 CONFIRMS MEDIUM-TERM AMBITIONS 2024 ADJUSTED EBITA MARGIN EXPECTED AROUND 5.9% Source text for Eikon: ID:nNDL2zgFR
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Smartsheet, BP and Ma'aden Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Buyout firms Vista Equity Partners and Blackstone BX.N are in advanced talks to acquire Smartsheet SMAR.N , in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said.
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U.S. STOCKS FedEx, Carvana, Sprouts Farmers Market, Ascendis Pharma

BUZZ-U.S. STOCKS ON THE MOVE-FedEx, Carvana, Sprouts Farmers Market, Ascendis Pharma Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Technology stocks weighed on the Nasdaq and the S&P 500 on Monday as prudent investors awaited a pivotal monetary policy decision from the Federal Reserve later in the week and most traders priced in a steep reduction in borrowing costs.
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QXO slips after Rexel rejects co's $9.4 billion takeover bid

BUZZ-QXO slips after Rexel rejects co's $9.4 billion takeover bid ** Shares of IT services firm QXO QXO.O fall 6.4% to $13.82 in day trading ** French electrical parts company Rexel RXL.PA on Sunday rejected co's ~$9.4 bln takeover offer ** Co held talks with Rexel and its biggest shareholder, Cevian Capital, about a possible takeover ** Rexel said
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: CTBC, CACI International, JTC Updates: Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Taiwan's financial regulator rejected a takeover attempt by financial conglomerate CTBC 2891.TW of rival Shin Kong 2888.TW saying its plans were incomplete.
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Fed hits easing week, China economy weak

MORNING BID AMERICAS-Fed hits easing week, China economy weak A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve is finally set to cut interest rates this week - and it's now only a matter of how much . With another set of weak industrial and retail readings from China on Saturday and the FBI on Sunday pursuing a second failed assassination attempt on Republican p
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European shares end marginally lower on tech drag; Fed in focus

UPDATE 2-European shares end marginally lower on tech drag; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's Rexel jumps after rejecting $9.4 bln QXO bid UK insurer Phoenix falls on halting sale of unit SunLife STOXX 600 down 0.2% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 16 (Reuters) - Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the in
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Tepid start for STOXX as miners weigh

LIVE MARKETS-Tepid start for STOXX as miners weigh STOXX 600 up 0.1% Miners down after China data M&A activity provides lifts Week's cenbank meetings loom Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TEPID START FOR STOXX AS MINERS WEIGH The STOXX 600 .STOXX has kicked off the week hovering around flat, last up 0.1% after mostly flashing red for the first hour of trading.
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Shares in French group Rexel surge after QXO bid rebuffed

UPDATE 1-Shares in French group Rexel surge after QXO bid rebuffed Adds details PARIS, Sept 16 (Reuters) - Shares in French electrical parts company Rexel RXL.PA jumped by about 13% to 25.97 euros ($28.85) in early trading on Monday after it rejected a takeover offer from U.S. company QXO QXO.O . Rexel said on Sunday that QXO's preliminary offer of as much as 28.40 euros per share significantly undervalued the French company.
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Rexel jumps after rejecting $9.4 bln QXO bid

BUZZ-Rexel jumps after rejecting $9.4 bln QXO bid ** Shares in Rexel RXL.PA jump around 11% after the Paris-listed group rebuffed on Sunday around $9.4 billion acquisition offer from QXO QXO.O ** QXO's preliminary offer of as much as 28.40 euros a share "significantly undervalues the company," Rexel said ** Reuters earlier reported on the offer and Rexel's rejection; OXO it is s not currently planning to submit an improved bid, a source told Reuters ** "While the bid represents a >23% premium to
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Shares in French group Rexel surge after QXO bid rebuffed

Shares in French group Rexel surge after QXO bid rebuffed PARIS, Sept 16 (Reuters) - Shares in French electrical parts company Rexel RXL.PA jumped by about 13% to 25.97 euros in early trading on Monday after it rejected a takeover offer from U.S. company QXO QXO.O . Rexel had said on Sunday that QXO's preliminary offer of as much as 28.40 euros per share significatly undervalued the French company.
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Weak start for Europe ahead of packed week

LIVE MARKETS-Weak start for Europe ahead of packed week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WEAK START FOR EUROPE AHEAD OF PACKED WEEK European stocks are heading for a lacklustre start to what promises to be an eventful week, as traders gear up for policy decisions from the Fed, the Bank of England, and the Bank of Japan, as well as some key data.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 16 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. REXEL RXL.PA : QXO QXO.O , the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel RXL.PA that the French company on Sunday said it had rebuffed .
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France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO

EXCLUSIVE-France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO Recast from top with Rexel confirmation, adds background throughout By Anirban Sen Sept 15 (Reuters) - QXO QXO.O , the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel RXL.PA that the French company on Sunday said it had rebuffed.
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Rexel Says Board Of Directors Rejects An Unsolicited Preliminary Proposal From QXO

BRIEF-Rexel Says Board Of Directors Rejects An Unsolicited Preliminary Proposal From QXO Sept 15 (Reuters) - Rexel SA RXL.PA : REG-REXEL: REXEL BOARD OF DIRECTORS REJECTS AN UNSOLICITED PRELIMINARY PROPOSAL FROM QXO REXEL SA - PROPOSAL VALUES REXEL AT €28.00 TO €28.40 PER SHARE REXEL SA - BOARD CONFIDENT IN MANAGEMENT TO DELIVER MID-TERM OBJECT
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Rexel rebuffed an around $9.2 billion offer from QXO, sources say

EXCLUSIVE-Rexel rebuffed an around $9.2 billion offer from QXO, sources say By Anirban Sen LONDON, Sept 15 (Reuters) - Building products distribution company QXO QXO.O , led by billionaire Brad Jacobs, recently made an all-cash offer of around $9.2 billion to acquire France's Rexel RXL.PA , sources with knowledge of the matter said. Rexel earlier this month rebuffed the offer and QXO is not planning to resubmit a bid, the sources said, speaking on condition of anonymity because they were not aut
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