CARREFOUR - BUY | EUR20(+16%)
Auchan not ready to give up consolidation dreams so easily
Auchan in negotiations to team up with PE funds for a new bid
From a bid of EUR21.5/share with 70% cash/30% shares…
…to a bid of EUR23.5/share with 100% cash?
No concrete announcements likely before May
Carrefour is definitively an M&A play for 2022: if not Auchan, maybe Couche-Tard or other PE funds
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