Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  CARREFOUR    CA   FR0000120172

CARREFOUR (CA)

2177
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

French Anti-Trust Agency OKs Carrefour's Purchase Of Guyenne Et Gascogne

05/10/2012 | 06:03am US/Eastern
Recommend:
0

France's anti-trust agency Thursday authorized retailer Carrefour SA (>> CARREFOUR) to buy smaller domestic peer Guyenne et Gascogne SA (>> GUYENNE GASCOGNE), as the acquisition isn't likely to hamper competition in the south-west of the country where Guyenne et Gascogne operates.

The authority authorized the merger with no conditions, and said in a statement there are several competing supermarkets chains in the area where Guyenne et Gascogne runs 37 supermarkets.

Carrefour announced the takeover bid for its franchisee and long-term partner Guyenne et Gascogne in December, seeking to defend its market position in southwestern France. Carrefour offered to pay EUR74.25 per Guyenne et Gascogne share, or 3.9 Carrefour shares for every Guyenne share tendered. Carrefour may pay as much as ER370 million if the cash offer is fully accepted.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com

Stocks mentioned in the article : CARREFOUR, GUYENNE GASCOGNE
Recommend :
0
React to this article
Latest news on CARREFOUR
2h ago France's Leclerc invests to counter tough times
09/24 CARREFOUR : Sanjose will build the new Access roads to sector PP-7 of Huelva
09/23 Tesco-style accounting risks well known in retail industry
09/23 CARREFOUR : Month – the Month to wake you up!
09/22DJTesco Suspends Executives, Probes Accounting Error--5th Update
09/22DJTesco Suspends Executives, Probes Accounting Error--4th Update
09/22DJTesco Suspends Executives, Probes Accounting Error--3rd Update
09/22DJTesco Error Triggers New Profit Warning--Second Update
09/22DJTesco Suspends Executives, Probes Error
09/22DJTesco Error Triggers New Profit Warning--Update
Advertisement
Chart
Duration : Period :
CARREFOUR Technical Analysis Chart | CA | FR0000120172 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF