Retailer pushing for $19.6 billion acquisition
Retailer pushing for $19.6 billion acquisition
Alimentation Couche-Tard Inc., a leader in the Canadian convenience store industry that is among the largest independent convenience store operators in the United States, confirmed that it has recently submitted a non-binding offer letter to Carrefour SA, one of France's biggest supermarket chains, at a price of $24 per Carrefour share or $19.6 billion in total. The terms of the transaction are under discussion, but the consideration is currently expected to be in cash in large majority.