Deals
Circle K Owner in Talks to Buy Carrefour for About $20 Billion
- Couche-Tard has initiated discussions on friendly deal
- Couche-Tard said to discuss price of about 20 euros per share
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Alimentation Couche-Tard Inc., the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $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.