According to French news reports, Carrefour has turned down an acquisition offer from Auchan – 70% in cash (at €21.5 per share) and the remaining 30% in shares. Reportedly, there were differences over the complex deal structure plus valuation. While it may look like a lost opportunity for Carrefour, we reiterate that such a marriage was risky from a strategic perspective (even if the financial deal was much more attractive). This development also reconfirms the attractiveness of Carrefour’s valu ....
11 Oct 2021
Carrefour declines a combination offer from Auchan!
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Carrefour declines a combination offer from Auchan!
- Published:
11 Oct 2021 -
Author:
Nishant Choudhary -
Pages:
3
According to French news reports, Carrefour has turned down an acquisition offer from Auchan – 70% in cash (at €21.5 per share) and the remaining 30% in shares. Reportedly, there were differences over the complex deal structure plus valuation. While it may look like a lost opportunity for Carrefour, we reiterate that such a marriage was risky from a strategic perspective (even if the financial deal was much more attractive). This development also reconfirms the attractiveness of Carrefour’s valu ....