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.
(Jan 13): Alimentation Couche-Tard Inc, the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly US$20 billion deal that would create a trans-Atlantic retail giant.
Couche-Tard’s initial proposal values the French company at about 20 euros per share, people with knowledge of the matter said. That would represent a roughly 29% premium to its Tuesday closing price.
Shares of Carrefour rose 14% in Paris on Wednesday, trading shy of 18 euros. Couche-Tard slipped 2.2% after a Bloomberg report on the talks, valuing the company at almost C$46 billion (US$36 billion).
Couche-Tard confirmed Tuesday that it has started “exploratory discussions” on a friendly deal with Carrefour.
m pavlov/Thinkstock At 11 p.m. Dec. 31, Brexit gets real, with departure bringing a host of new regulations and customs paperwork.
Bloomberg | Dec 31, 2020
By Lizzy Burden and Richard Weiss
On the day the U.K. makes its final break with the European Union, the ports are clear of truck backups, goods are moving smoothly and grocery-store shelves are well stocked.
Even so, U.K. businesses that rely on some 1.2 billion pounds ($1.6 billion) worth of products crossing the border each day are taking no chances. At 11 p.m. Thursday, Brexit gets real.
Companies were already stockpiling and exploring alternatives to the crowded truck-ferry route across the English Channel when France unexpectedly closed its border for two days last week, citing a fast-moving Covid-19 outbreak in the U.K. The disruption produced miles-long backups at the Port of Dover a warning shot for potential chaos as the Brexit transition period ends.
All quiet in Dover: The calm before Brexit s border storm - business news hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.