PARIS: Clayton Dubilier Rice, Merrill Lynch & Co's buyout arm and Eurazeo SA have offered 2.6 billion euros (US$3.45bil) for Rexel SA, an electrical equipment maker controlled by Pinault-Printemps-Redoute SA.
The group offered 38.50 euros a share, 6.9% more than yesterday's close. Pinault-Printemps would get 1.9 billion euros for its 74%, and the buyout firms planned to make an offer to minority shareholders, the companies said in a statement yesterday.
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