Alimentation Confirms EUR 20.00/shr Non-binding Offer For Carrefour

Alimentation Couche-Tard Inc. (ANCUF.PK,ATD_B.TO,ATD_A.TO) confirmed Wednesday that it has recently submitted a non-binding offer letter to Carrefour SA (CRERF.PK,CRRFY.PK,0NPH.L) for a friendly combination at a price of 20.00 euros per Carrefour share.

Alimentation said that the terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority.

Alimentation noted that there can be no certainty at this stage that these discussions will result in any agreement or transaction.

Earlier today, Carrefour said it has been approached, in a friendly manner, by the Alimentation Couche-Tard group, with a combination project. The discussions are very preliminary.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT