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Couche-Tard confirms Carrefour offer despite French hurdles

Couche-Tard confirms Carrefour offer despite French hurdles
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Couche-Tard Weighs Challenge to French Foreign Takeover Barriers

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 failed to load. Try refreshing your browser, or Couche-Tard Carrefour Bid Challenges French Takeover Hurdles Back to video The bid faces a number of challenges, not least France’s sometimes frosty reaction to takeovers of its blue-chip companies. Carrefour is the country’s largest private employer, making the approach potentially sensitive at a time when the Covid crisis has thrust jobs t

Couche-Tard s US$20B Carrefour bid could face hurdles in France

Couche-Tard s US$20B Carrefour bid could face hurdles in France
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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