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Couche-Tard said it has made a $19.66 billion offer to buy French hypermarket chain Carrefour, as large retailers come under pressure to transform their bricks-and-mortar footprint amid pandemic restrictions on shopping and disruption from tech giants.
Publishing date: Jan 13, 2021 • January 13, 2021 • 4 minute read • Article content (Bloomberg) — A Canadian convenience-store operator is daring to go where foreign buyers often fail, offering $20 billion for French retailer Carrefour SA. Alimentation Couche-Tard Inc. proposed buying the French company for 20 euros a share, confirming an earlier Bloomberg report. That represents a roughly 29% premium to its closing price Tuesday. Terms are under discussion, but payment is expected to be largely in cash, the Quebec-based retailer said. We apologize, but this video has fai...