Canadian Couche-Tard eyes France's Carrefour - Industry Leaders Magazine
Circle K Chain is considering a takeover of France’s Carrefour. The Couche-Tard – Carrefour merger would result in a giant retail chain worth more than $50 billion. The acquisition talks are at an early stage, according to both the companies. Couche-Tard said Tuesday it has started “exploratory discussions” on a friendly deal with Carrefour. Couche-Tard’s proposal values the French chain at about 20 euros per share. That would represent a roughly 29 percent premium to its Tuesday closing price and value the firm at about 16.4 billion euros (US$20 billion), according to Bloomberg...
Source: industryleadersmagazine.com