By Anirban Sen
LONDON (Reuters) – Building products distribution company QXO , led by billionaire Brad Jacobs, recently made an all-cash offer of around $9.2 billion to acquire France’s Rexel , 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 authorized to speak publicly.
(Reporting by Anirban Sen. Additional reporting Mathieu Rosemain in Paris. Editing by Anousha Sakoui and Elisa Martinuzzi.)
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