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Rexel’s Hagemeyer buyout moves forward

Industrial Distribution staff -- Industrial Distribution, 3/27/2008 5:16:00 AM

Rexel’s $4.77 billion buyout of Dutch rival Hagemeyer took another step forward as the French electrical distributor acquired 98.67 percent of Hagemeyer’s outstanding shares, CNNMoney.com reported.

Public trading of the Dutch distributor’s stock will cease at the market’s close April 18 and the company will be delisted from the AEX index April 21.

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