London (CNN Business)Convenience store operators are having a moment.
Canada s Couche-Tard (ANCTF), the owner of Circle K, said in a statement on Wednesday that it s offering €20 ($24.35) a share to acquire France s biggest supermarket chain, Carrefour. The offer, which Couche-Tard expects to be mostly in cash, values Carrefour at €16.2 billion ($19.7 billion) and represents a 29% premium to its closing price on Tuesday.
It s the latest play by a convenience store operator for a large supermarket group after Walmart (WMT) offloaded Asda in October to the Issa brothers, who own gas stations and convenience stores in Europe and the United Kingdom.
Couche-Tard, which first confirmed the talks with Carrefour on Tuesday, said there was no certainty that the discussions would result in an agreement. Carrefour (CRERF) said in a statement on Wednesday that discussions are very preliminary. Shares in the French company surged 15% in Paris to nearly €18 ($21.92).
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Greenhouse, the applicant tracking and job recruitment software, has agreed to sell a majority stake to TPG Growth. The terms of the transaction were not disclosed but it has been reported that the transaction values the Greenhouse at $820M. TPG’s investment at this time is approximately $500M, consisting of ~$450M to acquire stock from existing shareholders (investors and employees) and ~$47M in new equity investment via a related TPG fund.
“Winning businesses are built by talented individuals. Yet every day, organizations around the world base their hiring decisions on hunches and without data, perpetuating biases and limiting human potential. We founded Greenhouse to help companies become great at hiring and reduce bias in the hiring process,” remarked
Convenience store operators are having a moment.
Canada’s Couche-Tard, the owner of Circle K, said in a statement on Wednesday that it’s offering €20 ($24.35) a share to acquire France’s biggest supermarket chain, Carrefour. The offer, which Couche-Tard expects to be mostly in cash, values Carrefour at €16.2 billion ($19.7 billion) and represents a 29% premium to its closing price on Tuesday.
It’s the latest play by a convenience store operator for a large supermarket group after Walmart offloaded Asda in October to the Issa brothers, who own gas stations and convenience stores in Europe and the United Kingdom.
Couche-Tard, which first confirmed the talks with Carrefour on Tuesday, said there was “no certainty” that the discussions would result in an agreement. Carrefour said in a statement on Wednesday that “discussions are very preliminary.” Shares in the French company surged 15% in Paris to nearly €18 ($21.92).
Circle K s owners offer $20 billion for France s biggest retailer kesq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kesq.com Daily Mail and Mail on Sunday newspapers.
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